David Bick, chairman of Square1 Consulting, believes the owners forthcoming IPO is simply the first stage in the sale of the club.
United's owners, the Glazer family, will make 10% of shares available on the New York Stock Exchange next Friday and should raise at least $300 million as the club's owners plan to use some of the proceeds to repay around £75 million of their debts, which currently stand at £437 million.
Source: Click-Manchester
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