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06/03/2012

Glazers' greed halted Manchester United Singapore float - London Evening Standard

Man Utd float could struggle...

Don’t hold your breath over Premier League champions Manchester United’s proposed £600 million flotation in Singapore, a well-informed gossip tells City Spy over lunch.

Reports blamed the delay of the partial float last year on global volatility caused by the eurozone crisis, but our man — who’s spent a great deal of time in Singapore lately talking to most of the city-state’s wealthiest individuals — says support for the float would be lukewarm at best, and pins the blame on United’s billionaire owners, the Glazer family, for sucking too much cash out of the club.
 
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