Stock Exchange exec: Finance and football don’t always mix

AS a follower of Preston North End since childhood, Alastair Walmsley, the London Stock Exchange’s newish head of primary markets, could be forgiven for not being too displeased that Manchester United chose the New York Stock Exchange rather than his employer’s very own stock market on which to float its shares.

In his LSE role Walmsley would have been banging the drum for a London listing for United, but in the end both he and his ambitious boss Xavier Rolet had to come to terms with the club’s decision to list its shares across the pond.

Walmsley tells The Capitalist that he once sought to combine his twin interests in finance and football by buying Preston shares at the age of 18 at 455p each. Sadly, that investment did not enable him to give up the day job, having been redeemed later at 5p each. Manchester United’s new US investors will be hoping for a different outcome.

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