Manchester United opt for Singapore IPO!

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Premier League Champions Manchester United are opting for an IPO in Singapore to get investments from passionate fans in the region. It is a double whammy for the football club because the region not only has the most number of fans, it also now has the money to spend on these kind of investments, contrary to the current economic situation in UK and Europe. Just a while ago, it was reported that the Asian region is going to churn out more millionaires than anywhere else in the world. More economic bonds are taking place between different Asian regions which is making the continent very competitive indeed. Also, another reason why this will work is the Asian mentality. For fans who can go out and tell the world, they own some Manchester United shares, that would mean the world to them, to be part of the biggest football club in the world. As the team continues to do better on the pitch, these initial investments could result in good money for people investing in them. A great move all round.

Source: http://www.scmp.com

Image: Paolo Camera
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