Manchester United linked with Asian IPO goal

Only on Monday I wrote about the potential listing of yet another high profile brand, Ducati, listing on the HKEx. Barely one day passed and the market is now speculating about a potentially even higher profile listing taking place in Asia towards the end of the year.

Yesterday afternoon International Financing Review broke news from “sources with direct knowledge of the situation” that the Glazer family, the much maligned owners of Manchester United, are considering a listing for the club on the Singapore Exchange (SGX) towards the end of 2011.

There are few bigger sporting brands than Manchester United globally and the club’s fan base in Asia alone is reported to be more than 100 million, so for Manchester United and the Glazers there is currently no better market in which to take the club public again.

But as fans and financial experts will be aware, this is the latest in a long line of stories linking the Glazers to a partial or full sale of the club.

If the club was listed on the SGX and not in Hong Kong this would be a major talking point and success story for the SGX, but as is often the case with stories involving Manchester United, official sources are remaining onside with no public comments about the story at this point.