United stock flotation kicks off

Manchester United will kick off their stock market flotation today in a move which could value the club at more than £2bn (€2.54bn).

The club, bought by the Glazer family in 2005 for about £800m (€1.016bn), will offer 16.7m shares, equal to a 10% stake, which are set to price later at between £10-12 (€13-15) before listing on the New York Stock Exchange on Friday.