Thursday, 8 September 2011
0
Singapore Exchange's coup in luring Manchester United to the city turns sour
Reuters India, 8 Sep 2011
(Reuters) - Singapore Exchange's coup in luring Manchester United to the city is threatening to turn sour as the bourse comes under fire for plans to let the club list using a structure that will minimise the influence of new shareholders.
The SGX is set to approve the initial public offering of up to $1 billion from the English Premier League champions this week or next, two sources with direct knowledge of the listing said.
But the club's plan to use a two-tier system of shares to ensure the Glazer family, which owns soccer's biggest brand, will retain control has some investors and experts calling foul. Full story
(Reuters) - Singapore Exchange's coup in luring Manchester United to the city is threatening to turn sour as the bourse comes under fire for plans to let the club list using a structure that will minimise the influence of new shareholders.The SGX is set to approve the initial public offering of up to $1 billion from the English Premier League champions this week or next, two sources with direct knowledge of the listing said.
But the club's plan to use a two-tier system of shares to ensure the Glazer family, which owns soccer's biggest brand, will retain control has some investors and experts calling foul. Full story
Subscribe to:
Post Comments (Atom)
0 Responses to “Singapore Exchange's coup in luring Manchester United to the city turns sour”
Post a Comment