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Originally Posted by devo22
United have already had competition for a couple of years now ... otherwise they would have easily bought superstars like Carroll, Downing and Henderson.
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Interesting bit of news, most British financiers thought United's share offering was massively overvalued and it appears they were right. They started the shares off at $20, lowered it to $14 because $20 wasnt going to work and it appears that their value is actually significantly lower than that.
Quote:
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United's current share price is $14, but millions of shares have been bought by the seven banks underwriting the IPO, and PrivCo calculated their true value is just $4.97 each - giving United a value of around $800 million rather than the $3.3 billion the American family had wanted.
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http://soccernet.espn.go.com/news/st...ook%27?cc=5901
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