Man U launches stock offering

Updated: July 30, 2012, 6:21 PM ET
Associated Press

LONDON -- Manchester United launched its New York Stock Exchange listing on Monday, hoping to raise around $330 million by selling 10 percent of the Premier League club.

The record 19-time English champions said in a filing to the Security and Exchange Commission about 16.7 million shares will be offered at a cost of between $16 and $20.

United is looking to raise funds to help reduce debt from the Glazer family's 2005 takeover, rated at $663 million as of March 31.

The Glazers ...

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