Manchester United, an English professional soccer club based in Great Manchester, UK, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The soccer club, which was founded in 1878 and booked approximately $541 million in sales for the 12 months ended March 31, 2012, plans to list on the NYSE.
Manchester United is owned by the Glazer family, which also owns the NFL's Tampa Bay Buccaneers. The Glazer family will retain control of the soccer club through Class B shares which have 10 times the voting power of class A shares that will be sold in the offering. Jefferies & Co., Credit Suisse, J.P. Morgan, BofA Merril Lynch and Deutsche Bank Securities are the joint bookrunners on the deal. No trading symbol or pricing terms were disclosed.
