United shares at $14 each

Manchester United have kicked off their stock market flotation in a move which values the club at around £1.5bn (€1.9bn).

The club, bought by the Glazer family in 2005 for about £800m (€1.01bn), offered 16.7 million shares – equal to a 10% stake – at a price of $14 (€11.35) each as it listed on the New York Stock Exchange today.