Bulls

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.

SportsTalk Live Podcast: Michael Jordan's emotional tribute to Kobe Bryant

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USA TODAY

SportsTalk Live Podcast: Michael Jordan's emotional tribute to Kobe Bryant

David Haugh and Scott King join Laurence Holmes on the panel.

0:00 - Robin Lehner is a Golden Knight. Steve Konroyd joins the guys to talk about the Blackhawks' trade deadline moves. Did Stan Bowman get enough? What will the goalie situation look like in the future? And is this team in a rebuilding mode?

11:30 - The basketball world gathers at Staples Center to remember Kobe Bryant. The guys react to the emotional speeches by Michael Jordan and Vanessa Bryant.

20:00 - Rick Renteria told his players "it's time." So can he handle the pressure that comes with expectations?

Listen here or in the embedded player below.

 

Sports Talk Live Podcast

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Bears to hold joint training camp practices with Broncos

Bears to hold joint training camp practices with Broncos

The Chicago Bears will reunite with former defensive coordinator Vic Fangio in Denver this summer, as word broke Monday that the Broncos will host the Bears for joint training camp practices in advance of their preseason game in August.

The Chicago Tribune's Brad Biggs confirmed the news on Twitter.

This is the second time Denver will welcome the Bears for training camp sessions. The two teams held joint practices back in 2018.

Training camp won't be the first time the Bears will see Fangio since his departure last offseason. Chicago pulled off a last-second victory over the Broncos in Week 2 of the 2019 season when kicker Eddy Pineiro booted a 53-yard game-winner with time expiring in the fourth quarter. His kick was set up by the clutch version of Mitch Trubisky, who connected on a 25-yard pass to Allen Robinson on the play before Pineiro's conversion.

Fangio left a lasting impact during his time as the Bears defensive coordinator that reached its peak in 2018 when Chicago was widely regarded as the most ferocious defense in the league. The Bears finished third in yards allowed per game and ended the season with the top run defense. Their 27 interceptions were tops in the NFL, too.