SGX Ang Moh CEO wants you to gamble on ManU IPO

[saratogas]

If Manchester United Football club's balance sheet is as beautiful as their games then all sinkies should welcome the IPO... But to list for reducing debt! It's a gamble!

SINGAPORE -(Dow Jones)- Singapore Exchange Ltd. (S68.SG) Chief Executive Magnus Bocker Tuesday said the city-state was an able competitor to Hong Kong in the race to attract companies from outside Asia to list.

"Hong Kong has been very successful in offering listings for companies that want to have a very Chinese focus, where you reach into China, and they've been very good at that," Bocker told reporters on the sidelines of an industry event.

"I think Singapore has a very strong offering for companies that want to be much broader, maybe reaching out to India, reaching out to Southeast Asia, but also reaching out to China...our offering is therefore broader in a different way," Bocker said.

Bocker's comments come as U.K. soccer club Manchester United Ltd. is looking at an initial public offering in Singapore.

People familiar with the situation said Manchester United, which had initially planned to list in Hong Kong, changed its mind and has chosen Singapore.

When asked if Manchester United had applied for listing approval from SGX, Bocker declined to comment.

 

[red amoeba]

basically it is all built on assumption & potential of the club - which, really is not in a same sense like the rest of the companies.

i believe by floating, the Glazers are:

a- getting easy money out of it to pay off the bank loans - which are secured debtors and pass the shit to the unsecured debtors.
b - trying to inflate the value of the club making prospective buyers -eg: Qatar to pay more

Man U success is derived primarily from their ability to win trophies - which in turn drive their popularity & ability to sell shirts & merchandises. So suckers like us who subscribe to BPL by shithub are indirectly paying for their success.

And the large factor - depends on their success on the pitch. They are facing tough competition in the league this season and personally, whats going to happen when Fergie retires? Can the new manager bring the same level of success / excitement?

 

[ballsathome]

Invest in a debt ridden club? No way. Just continue to win games when they are expected to will suffice.

 

[matchy]

it is a big gaamble~~~