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Old 16th April 2012, 09:26   #1
TanyaT
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Default MUST response to reports of revived Singapore Flotation of MUFC

MUST response to reports of revived Singapore Flotation of MUFC

In response to reports that the Glazers are to revive their failed attempt to float at least part of their Manchester United shareholding on the Singapore Stock Exchange and that this is a precursor to a full sale, a spokesperson for MUST - the Manchester United Supporters Trust said:

"Until we have more detail it is impossible to say with certainty what this will mean for Manchester United or its supporters. However if they are coming back with the same sort of inflated valuation and the same sort of proposal including non-voting shares then they should expect the same negative response from the market as last time.

If instead they have learned their lesson and decide to offer a substantial proportion of full voting shares at a reasonable valuation and this is a pre-cursor to a full sale then this could be enthusiastically welcomed by United supporters worldwide.

Our aim is to provide Manchester United fans with the opportunity for mass supporter participation in ownership of their club so this could well present such an opportunity and wed urge every Manchester United supporter who cares about the club to register with the Manchester United Supporters Trust (MUST) through our website. We will provide information to supporters as soon as it is available. It is quite possible that shares will not be available to ordinary supporters and that MUST will have to provide a mechanism for supporters to buy shares.

Wed like to see at least a million Manchester United supporters sharing in ownership of their club and it is our role as the official supporters trust to try to make that possible. Supporters can register for free through www.joinmust.org for information."
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