Man United owners in line for big payout

Manchester United’s owners stand to make about three times their investment in the club if it successfully goes public.

The club has kicked off the marketing for its US initial public offering, which will value it at $3.3bn if the sale is at the high end of the pricing range of $16-$20 a share.

The Glazer family, bought the team for £790m (€981m) in 2005 in a leveraged buyout. In terms of equity, the Florida-based family, whose other interests include shopping centres and the Tampa Bay Buccaneers NFL team, has invested at least £521.1m in Man United.