Britain’s largest football club is up for sale again. The club’s owners, The Glazer family, are attempting to encourage investors from the New York stock exchange to take a piece of the club. Interestingly, the advertising for the IPO (Initial Public Offering) describes the club as a global media company with access to the most popular game on earth. Much of this global commercial success is due to Sir Alex Ferguson, the irascible and wise old manager of the club.
The Glazers have, entirely legally, extracted a great deal of wealth from the club since acquiring it in 2005.