The U.S.-based Glazer family, owners of Manchester United, is banking on this sentiment with a plan to list the club on the Singapore Stock Exchange.
According to Today, the soccer club has already applied to the Singapore Exchange (SGX) for approval to list in the city-state, with plans for an estimated US$1 billion (S$1.2 billion) worth of Man U shares to hit the market by September.
The floatation will see shares listed with different voting power, a characteristic the SGX was able to offer over the Hong Kong Stock Exchange (HKEx), the biggest IPO market in the world"I don't think this situation is ideal for Manchester United or football clubs in general," says Connley, who is the author of a soon to be released book titled, "How to be Ferocious Like Sir Alex Ferguson."
"The most successful clubs in the world lose millions of dollars a year," says Connley. "People who buy shares in any company do so to earn a return, to make a profit.
"If Manchester United want to compete with Manchester City, Real Madrid, Barcelona and Chelsea, there's no way they'll be able to run at a profit.
"I foresee a situation where you will have fans demanding the club spend money on players and shareholders demanding the club tighten its belt, possibly even sell star players.
"It could get very, very messy."
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