Manchester United to launch a share issue of £ 250m (€ 297m) in February 2014 (Daily Mail)

Manchester United (Premier League, ENG) want to launch an issue of shares amounting to £ 250m (€ 297m) in February 2014, the British Daily Mail announced in its edition of the 05/10/2013.

According to the newspaper, the Glazer family, owners of the club, would use the majority of funds raised to reduce the debt of the club, which reached £ 389.2m (€ 461.4m), and whose interest cost £ 70m (€ 83m) to Manchester United every season.

Another part of the funds will be kept in reserves, to offset any non-participation in the 2014/15 Champions League, which would cost about £ 50m (€ 59.3m) to Man Utd. The rest would be retained by the Glazer family, who acquired the "Red Devils" in 2005, through a legal and financial package called LBO (leveraged buy-outs, see below).

"If the conditions are right the Glazers will look to announce the issue of the shares as soon as February after a powerful showing in the January window," said a source close to the club to the Daily Mail.

After nine days in the Premier League, Manchester United are ninth with 10 points (3 wins, 1 draw, 3 losses), 6 points…