Who else thinks the Manchester United IPO is a crock of?
...U know what? The Glaser family has done nothing but rape and pillage this sports franchise, running up $600 million in debt. Now they issue an overpriced IPO where half the proceeds will pay off debt and the other half go right into the Glaser's pockets. Plus the stock has no voting rights. People complain about how the stock market is rigged and the little guy can't make any money. This is a prime example about how the investment community and government allows investments that are nothing but rip-offs to flourish. Yes, everyone has the right (and obligation) to research the deals they buy into, but (as evidenced by the level of questions asked inYA Investing) many people simply don't know any better. That's how Facebook, Zynga and Man U succeed in lining the pockets of their executives at the expense of the little guy.
I'm curious to learn your opinions.