Manchester United (MANU) Registration Filing summary

Company overview and business model

• Operates as one of the world's most popular and successful sports teams, leveraging a 146-year heritage and a global community of 1.1 billion fans and followers to generate revenue from sponsorship, merchandising, product licensing, broadcasting, and matchday activities.

• Attracts major global sponsors seeking brand association and access to its extensive fan base.

• Incorporated in the Cayman Islands as an exempted company, with principal executive offices in Manchester, UK.

Use of proceeds and capital allocation

• Net proceeds from the sale of securities will be used as set forth in the applicable prospectus supplement for each offering.

Risk factors and disclosures

• Investment involves risks, including those detailed in the most recent Annual Report on Form 20-F and any updates in subsequent filings.

• Risks include economic conditions, brand and reputation management, key personnel retention, performance of teams, renewal of commercial agreements, media contract negotiations, regulatory changes, and exposure to competition.

• Additional risks relate to matchday revenue dependence, cyber-attacks, seasonality, indebtedness, and the impact of external events such as pandemics.