Manchester United $204 Million Offering of Class A Ordinary Shares
Davis Polk advised the joint book-running managers for the several underwriters in connection with the SEC-registered secondary offering of 12,000,000 Class A ordinary shares of Manchester United plc by its controlling shareholder, Red Football LLC, for an aggregate price to the public of $204 million. The Class A ordinary shares are listed on the New York Stock Exchange under the symbol “MANU.”
Manchester United is one of the most popular and successful sports teams in the world. Through its 136-year history it has won 62 trophies, enabling it to develop one of the world’s leading brands and a global community of 659 million followers.
The Davis Polk corporate team included partner John B. Meade, associates Connor Kuratek, Christopher M. Bezeg and Taylor Hedrick and former summer associate Mark S. Kramer. Partner Neil Barr and associate Kay Ng provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.