Manchester United New York flotation 'a risky strategy'

Manchester United has applied to list on the US stock market in a share sale aimed at raising $100m (£64m).

In documents filed with the Securities and Exchange Commission, the Premier League giant said it was listing on the New York Stock Exchange.

United, among the best-supported clubs in the world, said it would use money from the listing to repay some of its debts.

Market strategist and former professional footballer Michael Jarman said the move was ''a risky strategy''.

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