Red Sox

See which team has 1 billion IPO

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See which team has 1 billion IPO

From Comcast SportsNet Friday, September 16, 2011
SINGAPORE (AP) -- Manchester United's planned 1 billion public offering has been approved by Singapore's stock exchange, a person familiar with the deal told The Associated Press on Friday. The initial public offering likely will happen by the end of the year and involve ordinary and nonvoting preferred shares, according to the person, who spoke on condition of anonymity because the deal hasn't been officially announced. Manchester United is owned by the Glazer family of the United States. It has been valued at 1.9 billion by Forbes magazine, which has ranked it as soccer's most valuable team for the last seven years. However, the club has about 750 million of debt. The Glazers are expected to maintain control of the defending English Premier League champions but they could raise 1 billion by making between 25 percent and 30 percent of United available. By listing shares in Singapore, Manchester United is betting that Asians, who account for more than half of the club's estimated 333 million fans, could be willing to pay more for a piece of their favorite team. The club was bought by the Glazers for 1.4 billion in 2005 when they de-listed it from the London Stock Exchange. The Glazers also own the Tampa Bay Buccaneers.

ALCS: Tanaka, Yankees top Keuchel, Astros 5-0 for 3-2 lead

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ALCS: Tanaka, Yankees top Keuchel, Astros 5-0 for 3-2 lead

NEW YORK - Masahiro Tanaka pitched seven innings of three-hit ball and the New York Yankees finally solved Houston Astros nemesis Dallas Keuchel, beating the ace lefty 5-0 on Wednesday for a 3-2 lead in the AL Championship Series.

Gary Sanchez hit an RBI single off Keuchel and later homered to help the wild-card Yankees win for the third straight day at home and move within one victory of their first trip to the World Series since 2009.

The teams head back to Houston for Game 6 on Friday night, when Justin Verlander and the reeling Astros will try to regain their footing following an off day and force a decisive Game 7. Luis Severino is scheduled to start for New York.

Just days ago, Houston was up two games to none and appeared to be closing in on its second World Series appearance. But the Astros, like defending AL champion Cleveland before them, have been unable to put away these poised Yankees, who improved to 6-0 at home in this postseason in front of their cheering, chanting fans.

NBC SPORTS BOSTON SCHEDULE

Gordon Hayward will have surgery on ankle Wednesday night

Gordon Hayward will have surgery on ankle Wednesday night

BOSTON – Gordon Hayward will have surgery on his left ankle tonight, according to a league source.

Hayward, who suffered a left ankle injury in the first quarter of Boston’s 102-99 loss at Cleveland on Tuesday night, was considering having the surgery in Boston or back in Indiana by a doctor who had operated on him when he played at Butler.

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It’s too soon to determine a timetable for Hayward’s return, although the Celtics anticipate he will most if not all of the remainder of this season.

Hayward’s injury delivers a major blow to a Celtics team that were considered a top-two team in the East by most.

With Hayward out for an extended period of time, teams like Washington and Toronto are likely to get more serious consideration as another strong threat to Cleveland which has advanced to the NBA Finals each of the last three seasons.

Replacing Hayward in the Celtics starting lineup was Marcus Smart who joined Kyrie Irving, Jayson Tatum, Jaylen Brown and Al Horford.

NBC SPORTS BOSTON SCHEDULE