‘Our
indebtedness increases the risk that we may be unable to generate cash
sufficient to pay amounts due in respect of our indebtedness. It could
also have effects on our business.’

Share prices have yet to be set, but
United would use the money raised from the flotation to reduce its
debts, the application said.

The flotation would leave control over the club in the hands of the Glazer family, the billionaire US sports investors who bought the club in 2005 for $1.47billion dollars – a takeover which left debts of £423m.

The club pursued a £640m flotation on the Singapore stock market last year but the move was halted because of the volatile global economy.

Under the reorganisation, the team would become a wholly-owned subsidiary of Manchester United Ltd, a newly-formed holding company based in the Cayman Islands.

On top: Manchester United are the world’s most valuable club, according to Forbes magazine

The small print

Here’s what other readers have said. Why not add your thoughts,
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It’s a strange world where a football club is permitted to be run the way United are, with huge debts placed on it by the owners, off-shore bank accounts and USA stock floatations. Yet, an owner who simply pays as he goes and has the personal resources to finance his spending is deemed to be in breach of the financial fair play regulations.

– David, Manchester, England, 04/7/2012 09:09

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I’ve been a United supporter since 1974, and this is the first time I’ve been genuinely worried for the future of the club.
On the one hand, we’re a cash cow generating profits unheard of in world sport, but on the other we have a family of big, fat leeches sucking it all away.
They reject all attempts to buy the club, and wander the planet looking for a place to float us on an exchange.
If one day we all wake up and hear that somehow these people have attached something to the club that means liquidation, I won’t be shocked. Heartbroken, but not shocked.
I hope that one day they wake-up, cash-in and get out of our club.
I’d rather win nothing for an Etihead 35 years, than be owned in this way.

– Take It as Red, Oldham, 04/7/2012 09:03

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Had to point out a thing or two to a few numpties in the past week, looks like I’ll have to do it again.United spend the money they generate, City like a spoilt brat get it off their ‘Daddy’. To this day whatever City have done has resulted in them making a huge of loss FINANCIALLY. I bet that 1 FA Cup and 1 Premiership title was worth forking out close to a billion £££’s…
YOU must be feeling pretty stupid now, don’t worry it’s normal for you lot..
Not an Abu fan….. What a joke!
– Shan, London, 04/07/2012 07:46
Why would I feel stupid, like you I follow football . I’m NOT a CITY fan so yes you are very stupid.
Your another plastic with blinkers on from London supporting a Manchester club , mr glory hunter follow the sheep the only time you get to Old Trafford is via GOOGLE EARTH so get over yourself look at the big picture, smell the coffee, your not as big as City on or off the pitch.
Like you say “”” don’t worry it’s normal for your lot””

– The Terminator, Planet Earth, 04/7/2012 09:02

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Not a time to panick at all, but you do have to wonder at times; what the hell is Malcolm doing now?

– HarryB, Manchester, UK, 04/7/2012 09:00

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@Novak84, Guildford, Surrey, 04/07/2012 07:44
Couldn’t have agreed with you more!

– Shan, London, 04/7/2012 08:59

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The Terminator, Planet Earth, 04/07/2012 06:59
Had to point out a thing or two to a few numpties in the past week, looks like I’ll have to do it again.
Yes United have a large debt but just like a successful business they generate enough income to service that debt, pay some of it off and make a profit. United OWN their ground, with all the billions – City DON’T! United spend the money they generate, City like a spoilt brat get it off their ‘Daddy’. To this day whatever City have done has resulted in them making a huge of loss FINANCIALLY. I bet that 1 FA Cup and 1 Premiership title was worth forking out close to a billion £££’s…….
The fact that United are valued as ‘The most valuable football club in the WORLD!’ for the 8TH YEAR RUNNING proves they’re doing something right. There’s been plenty of interest to buy back from the Glaziers but they just didn’t sell.
YOU must be feeling pretty stupid now, don’t worry it’s normal for you lot..
Not an Abu fan….. What a joke!

– Shan, London, 04/7/2012 08:46

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Hopefully they’ll be forced to sell out soon,they are too dangerous to have as owner’s on MUFC..We’ll end up like RFC if they’re not careful…

– Benny Hill, Bristol City…., 04/7/2012 08:46

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so many clueless people on here. united can not be another rangers, look at how much united generate in income, something all the other clubs can only dream of……a well run business where the income can easily service the debt.

– Novak84, Guildford, Surrey, 04/7/2012 08:44

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if united are worth 1.4 billion how come we cant just pay this off n move on

– geoff, armagh, 04/7/2012 08:36

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Utd worth 1.43 billion what a joke .

– joseph Costello, Chiangmai Thailand, 04/7/2012 08:31

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