Malaysia tycoon plans IPO of football club Cardiff City: sources

Malaysian billionaire Vincent Tan is exploring an IPO of U.K football team Cardiff City as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team’s recent promotion to the Premier League.

Cardiff City would be the second Premier League team to float shares in the past year, after Manchester United listed on the New York Stock, raising US$233.2 million (HK$233.2 million) in the largest sports team IPO ever.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1244943/malaysia-tycoon-plans-ipo-football-club-cardiff