Well I wasn’t expecting that SGX was able to attract one of the biggest football club in the world, Manchester United to list on the Singapore Stock Exchange.

They key thing to note is that we do not have much information

1. Talks seems to be in an advanced stage.
2. We still do not know how much of the club will be listed. The portion touted around is that it will be in the region of 25% to 30%
3. SGD 1 bil will translate to roughly 500 mil pounds. The amount of debts currently on balance sheet stands at around 500 mil pounds. Raising this amount and clearing the debts could potentially put the club on a solid footing.
4. We blog about Manchester United’s financial footing in the past (analysis here). We mentioned that annual revenue comes to 300mil but majority were sucked away by 57 mil in interest ...