Manchester Utd explores $826m share sale
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Hours after announcing that it expects a rise in revenues for 2016, Premier League football club Manchester United has unveiled plans to raise as much as $826.7m.
In its filing to the US Securities and Exchange Commission, the club says it was looking to sell as much as $400m in new "Class A" shares.
It added that at the same time as the offering, existing shareholders may also sell up to 24m shares at a proposed maximum offering price of $17.73 a share. This would raise an additional $426.7m.
The club does not say which banks may underwrite the sale. Jefferies, Credit Suisse and JP Morgan led the IPO in the US in 2012.
The Glazer family still controls the club through its ownership of Class B shares that carry much greater voting power.