Manchester United $46 Million Offering of Class A Ordinary Shares
Davis Polk advised Jefferies LLC as the sole underwriter in connection with the SEC-registered secondary offering of 3,000,000 Class A ordinary shares of Manchester United plc by its shareholder, Edward S. Glazer Irrevocable Exempt Trust, for an aggregate price of $46 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 sports brands and a global community of 659 million followers.
The Davis Polk corporate team included partner John B. Meade and associates Connor Kuratek and Denny Won. 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.