Article: UKpound 1 Billion Bid War Looms for British Football Club.

Knight Ridder/Tribune Business News

Mar. 14 -- A UKpound 1 Billion battle for Manchester United plc could be sparked by new forecasts on the future of pay-per-view TV.

A report commissioned by Premiership clubs is expected to suggest that pay-per-view revenues should add between UKpound 50 million and UKpound 100 million to Manchester United's projected annual profits.

It means that a UKpound 623 million bid by BSkyB -- currently the subject of a report by the Monopolies and Mergers Commission -- dramatically undervalues the club.

The MMC has investigated whether a deal between BSkyB, 40 percent owned by media tycoon Rupert Murdoch, ...

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