Premier League: Manchester United Owners Set to Sell Shares via US Stock Exchange
By Mark Wayne Eubank | July 31, 2014 7:56 PM EST
New Manchester United manager Louis Van Gaal (L) poses for pictures with club director Bobby Charlton during a news conference at the club's Old Trafford Stadium in Manchester, northern England, July 17, 2014.
A reported 8 million shares of stock with a par value of $19.31, or about $154million (£91million), as of Wednesday's valuation, was listed for public sale.
The American owners, who bought the Club in 2005 for £790million, still own 90% of the corporation's total shares, after selling 10% in 2012.
United's rise in stock value, from $14, is perceived to be the result of sponsorship deals from Adidas - £750million over 10 years - and US car manufacturer General Motors - $559million over 7 years.
While the recent appointment of Louis van Gaal as manager has undeniably caused a boost in morale at the Old Trafford after finishing seventh during the 2013/14 season under predecessor David Moyes.
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