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Is the Manchester United IPO a Good Investment?

http://www.fool.com/investing/general/2012/08/07/is-the-manchester-united-ipo-a-good-investment.aspx

Ryan Horch, Kapitall
August 7, 2012

Ever wish you could own a piece of the one of the world's most popular sports franchises? Dreams do come true: Manchester United, the most decorated soccer team in England, is trying to release an IPO sometime in the near future. But is it worth your investment?

Background
The club is owned by the Glazer family, who also owns the NFL's Tampa Bay Buccaneers. The Glazers stand to make $167 million from taking the company public, floating about 9% of the shares. The overall valuation could make the company worth as much as $3.3 billion if the stock trades at $20. The expected range is between $16-$20 a share.

Fan reaction
The supporters of Manchester United have despised the Glazers for some time now, but this was the final straw for them. From where they stand, the Glazers are being greedy and will use this offering to put more cash in their pockets instead of paying back massive debts the club has incurred since the family bought the club in 200