Manchester United, the English soccer team with a record 19 national championships, plans to raise as much as US$333 million ($411 million) in a US initial public offering.
The company and its selling shareholder, the Glazer family, are offering 16.7 million shares at US$16 to US$20 each, according to aregulatory filing.
United, whose players include England's striker Wayne Rooney and Welshman Ryan Giggs, is scheduled to price the US IPO on August 9, data compiled by Bloomberg shows.
United chose a US sale after scrapping plans for an offering worth as much as US$1 billion in Singapore.
The club is taking advantage of a rebound in the US market, which froze this year following Facebook's disappointing debut, to raise money to pay down debt, said Ipox Schuster's Josef Schuster.
The midpoint of the offering range would value the club at US$2.95 billion, or about 50 times profit of £38 million ($74 million) in the 12 months through March 31, Bloomberg data showed.
