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SBD/July 31, 2012/Franchises
Manchester United Begins Process Of NYSE Listing, With 10.2% Stake In Club For Sale
Published July 31, 2012
RISE AND FALL: The prospectus states that ManU's total club revenues "in the year to June 30 are expected to be down by as much as" 5%, at $493.5-501.4M. Much of that is "due to a reduction of as much as [$23.8M] in broadcasting income in the light of United's early exit from the Champions League." But commercial revenues "are up" by 13% to $183.3M thanks to "new sponsorship deals and a north American promotional tour." The prospectus states that the company "was incorporated in the Cayman Islands on April 30." It also "outlined the club's future commercial strategy -- including a 'regional sponsorship model' across the world and an expanded MUTV" (MANCHESTER EVENING NEWS, 7/30).