Football – the latest follower of fashions

Yesterday’s Sunday Times reported that the Glazer family are considering listing Manchester United on the Hong Kong Stock Exchange (HKEX) thus potentially capitalising on the club’s significant Asian fan base and on the increasing attractiveness of high end brands to Asian investors.

If Manchester United were to be listed on the HKEX then it would follow in the footsteps of Prada and Samsonite amongst others which have turned to Asia for recent listings to help capitalise upon strong demand from investors in the region for the stock of high profile companies.

That said, this is the latest in a long run of stories linking the Glazers to a potential exit from the club, with everyone ranging from Chinese and Thai consortiums, the state backed Qatar Investment Authority and a consortium of wealthy UK based Manchester United fans having been linked to potential takeovers of the club.

However, this is the first story linking Manchester United to a new listing and would, if it went ahead, take the club back to being a listed company. Ironically it was through being a listed company that Manchester United was able to be taken over by the Glazers in the first instance, a new listing would complete the circle.
 

Filed under: IPOs, football