A good reason, perhaps, to offer shares in the U.S., where New York markets closed before the British soccer club’s season-opening loss to Everton was complete. (Another possible reason: Americans don’t know enough about the soccer business to sniff out Manchester United’s overpriced offering.) Nonetheless, shares in the club, which began trading publicly on Aug. 10, fell 2.7 percent, as $35 million acquisition Robin van Persie failed to make a mark after coming on as a reserve with about 20 minutes to play, and the Red Devils lost 1-0 to Everton.
Count us as among those wondering what Goldman’s Jim O’Neill will make of this.
