Looks like Man Utd are going to pip Joseph Cala to the post in the race to float an English football club on the New York Stock Exchange...
@danroan: Here's Man Utd's registration document signalling their intention to float on the NYSE to reduce debt. Worth a read.
http://t.co/nZupmtV6
@danroan: United IPO prospectus: "Our indebtedness could adversely affect our financial health and competitive position..."
@danroan: ..As of Mar 31 we had total indebtedness of £423.3m..increases risk that we may be unable to generate cash sufficient to pay amounts due"
@danroan: Man Utd IPO prospectus: "Net finance costs (interest repayments on club's£420m debt) for the 9 months ended March 31, 2012 were £35m..."