Glazers are looking to float Manchester United on the Hong Kong stock exchange – report

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By Salvatore Landolina 12 Jun 2011 11:20:00 Alexis Sanchez - Udinese (Getty Images) Related Links Teams Players Barcelona target Alexis Sanchez has spoken of his desire to prove himself as a top player, as reports continue to link him with a Udinese exit. Giampaolo Pozzo, the owner of the Friuli-based club, recently claimed that they would only sell the Chilean for an irresistible offer , and speculation arose that Manchester City had tabled a bid in the region of €30 million (£26.5m), while Barca also remain front runners in the chase for his signature.

12 Jun 2011 11:30:00

Avram Glazer and Joel Glazer (Getty Images)

Avram Glazer and Joel Glazer (Getty Images)

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Manchester United‘s owners, the Glazers, are believed to be considering the prospect of floating the club on the Hong Kong stock exchange.

The American family owning the Red Devils have been much maligned since their takeover of the club back in 2005, chiefly because the club became burdened with a significant amount of debt after they gained control.

It is well known that the Old Trafford outfit have a strong fan following in Asia, and now The Sunday Times reports that the advisers think that the shares could be sold at a higher value in Hong Kong as opposed to London.

The plan is believed to be at a nascent stage, with the Glazers waiting to see how Italian brand Prada does in the Hong Kong market.

It has been reported that bankers have indicated to the owners that Manchester United could be valued at about £1.7 billion, which would be more than twice the amount that the Glazers spent in acquiring the club.

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Glazers are looking to float Manchester United on the Hong Kong stock exchange – report