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Thursday, July 5, 2012

Manchester United to sell shares in United States market

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Manchester United, an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League, according to Yahoo Sports, filed papers in the United States Tuesday to raise money by selling shares on the US market.

The move would raise up to $100 million in the initial public offering, the Britain's all-time top Premier League team said.

Sometime last year also, the wealthiest and most widely supported football team in the world was also reported to sell part of stock shares to Asian Market, particularly in Singapore.

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