Unsettled market forces Man U to postpone $300m US flotation

London - Manchester United has deferred its 300 million dollars worth stock market flotation in the U.S. due to an unsettled market caused by the Euro Zone apprehension,  according to reports.
 
The club, which is owned by the Glazer family, was expected to kick off its investor road show this week with a view to listing on the New York Stock Exchange early next month, but the plan  has been postponed now.
 
The club and its advisers are taking into consideration whether to still meet prospective investors later this week as intended, The Telegraph reports.
 
Earlier this month, a number of potential institutional investors raised concerns about the initial public offering and the potential difficulty in making money on the stock.
 
The Premier League club unveiled plans to become a public company last year, but previous proposals to list in Hong Kong and Singapore were scrapped after the demand for shares did  not match expectations.
 
The Standard and Poor 500 index has dipped two percent so far this week as renewed fears over a Euro Zone collapse weigh on shareholders' minds.