Red Football FC sells stake in Manchester United

Red Football FC sells stake in Manchester United

Red Football LLC, a Delaware limited liability company has just sold 4,250,000 units of its Class A Ordinary Shares to Manchester United PLC.

Manchester United PLC disclosed that it will not receive any proceeds from the sale of any Class A Ordinary Shares by the Red Football.

The offering is expected to close on August 15, 2017, subject to customary closing conditions. The Class A Ordinary Shares are listed on the New York Stock Exchange under the symbol “MANU.”

The sole underwriter for the offering is Morgan Stanley.