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Red debt woes

Posted on August 10, 2012 by Ellis

The Manchester United financial lifeboat is leaking a wee bit, according to this BBC report:

Manchester United has been forced to cut the value of its imminent share flotation in New York.

The football club said it would sell shares at $14 each, below the $16-$20 range that it announced just weeks ago.

Choppy waters ahead methinks.

This entry was posted in Sports and tagged Manchester United by Ellis. Bookmark the permalink.
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