United Stall On Share Sale

26 July 2012 04:11
Manchester United has decided to delay listing in the United States owing to market volatility caused by the Euro zone debt crisis, the Financial Times reported on Thursday.

The English Premier League giants have decided to delay meeting potential investors because of recent losses on US stock markets caused by events in Europe, the business daily said, citing people familiar with the situation.

The Financial Times added that United had intended to begin its road-show at the start of this week.

Neither United nor Jefferies — the investment bank charged with heading the club’s flotation — were commenting on the report.