Manchester United $81.75 Million Offering of Class A Ordinary Shares
Davis Polk advised the sole underwriter in connection with the SEC-registered secondary offering of 5,000,000 Class A ordinary shares of Manchester United plc by its shareholder, Red Football LLC, a Delaware limited liability company, for an aggregate price of $81.75 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 139-year history it has won 69 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, counsel Jeffrey S. Ramsay and associates Ravi P. Ramchandani, Chris Van Buren and Bria J.M. Cunningham. Partner Mario J. Verdolini and associate Christopher A. Baratta provided tax advice. All members of the Davis Polk team are based in the New York office.