Manchester United files mixed securities shelf for up to $400 million

Manchester United Ltd. on Thursday filed a shelf registration with the Securities and Exchange Commission to sell up to $400 million of securities at a later date. In a filing, the U.K. Premier League football club said selling shareholders may sell up to 24 million of its Class A stock. The filing came as the company reported fourth-quarter earnings, showing revenue of 105.8 million pounds, up about 10% from the year-earlier period. Shares were not yet active in premarket trade, but have gained 15.6% in the year to date, while the S&P 500 has lost about 3%.

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From:: Stock Market News

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