Man United to follow Birmingham City on Hong Kong Exchange?

The Glazer family, the American owners of Manchester United FC, have held talks with several investment banks on a scheme to list the English Premier League champions on the Hong Kong Stock Exchange.

Bankers have reportedly advised that the listing could value the club at £1.7 billion ($2.6 billion), more than double what the Glazers paid for the club in 2005.

Birmingham City FC, recently relegated from the EPL to the second-tier English Championship, became a subsidiary of a Hong Kong Stock Exchange-listed company, Birmingham International Holdings (formerly Grandtop International Holdings Limited) in 2009, following the club's acquisition by a consortium led by Hong Kong businessman Carson Yeung.

Last month BIH raised £3.8 million (HK$49 million) by selling 6.43% of its shares through the HKSE to persons unconnected with the club. The sale reportedly diluted the stake of Yeung, the club's largest shareholder, from 24.9% to 23.3%.

According to the Financial Times, BIH's current market capitalisation is £47.65 million (HK$614.27 million).

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