The Buzz
Manchester United: The business of soccer
May 8, 2013: 12:10 PM ET
Alex Ferguson's decision to retire after 26 years as manager of Manchester United (MANU) throws England's most successful soccer club into a rare period of uncertainty.
Winning the richest national soccer league for 13 of the last 21 years has guaranteed a big slice of broadcast revenue, and allowed the club to amass a global following of over 650 million – a loyal and lucrative market for merchandising partners and sponsors such as Nike (NKE), General Motors (GM) and many others.
By Mark Thompson, CNNMoney International Editor
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The rise of confidential IPOs: Manchester United on deck
Investing in IPOs is risky enough when a company dots all of its i's and crosses its t's.
But ever since the Jumpstart Our Business Startups, or JOBS Act, was signed into law in April, companies with less than $1 billion of annual revenue can file for confidential IPOs.
The law was supposed to make it quicker and easier for smaller so-called emerging growth firms to go public since confidential IPOs only MORE
Maureen Farrell - Aug 9, 2012 12:05 PM ET
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