English football club Manchester United could have a GBP1.7 billion flotation in Hong Kong as its American owners study the possibility of the club's return to the public markets, the Sunday Times reports.
The report said the Glazer family have held talks with several investment banks on a plan to list the Premier League club on the Hong Kong Stock Exchange. It said advisers believe the strength of the club's brand and its following in Asia could attract a higher price for its shares in Hong Kong than in London.
However, the report also cited sources close to the discussions as saying that plans are still at an early stage and may come to nothing.
It said bankers have told the Florida-based Glazer family that the listing could value the club at GBP1.7 billion, or more than double the GBP790 million they paid for it in 2005 when the club was taken private.
A spokesman for the club couldn't be immediately reached for comment.