The Financial Times says observers were surprised that Hong Kong was passed over, given its strong retail base. It adds, however, that ‘the club’s advisers are understood to have thought Hong Kong’s investor base was too narrow, and were keen to show that United was not just a China-focused franchise.’
The likelihood is that a combination of these factors led Manchester United to consider Singapore the most suitable listing venue. But, of course, the floatation is not confirmed, and all this speculation could still amount to nothing. Full story
