Manchester United in the Singapore listing application was approved

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According to sources, England Football Giants Manchester United, 16th had been given in the Singapore Stock Exchange approval, is expected to raise funds through a public offering of up to $ 1 billion.
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　　Familiar names but refuses to open sources told Xinhua, Manchester United in the Singapore market is likely based on some common stock plus some combination of preferred shares public offering. Because preferred stock has no voting rights, such a large shareholder in Manchester United, United States of the Glazer family can still maintain control of Manchester United.

　　Manchester United in the Singapore listing will be defined according to market conditions, could come as early as mid-October, but will not hurry.

　　Manchester United selection listed in the region, believed to mainly be optimistic about the growth potential of the Asian market. Now Manchester United over more than 300 million fans, about 190 million in Asia, several sponsors and other sources of income in Asia.
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　　Forbes earlier this year launch sports club most extreme value on, United listed as an most valuable Football Giants, worth 18. US $ 600 million.