NEW YORK (AP) — Soccer club Manchester United made a disappointing debut on the New York Stock Exchange Friday, even after opening at a discounted price, with enthusiasm for the celebrated team overshadowed by its debt load and financial track record.

Many had expected that fans of one of the most famous soccer club in the world would snap up shares, leading to a pop in early trading, but that didn’t materialize. Some analysts had warned that the initial public offering was overvalued, particularly since the club is debt ridden and the family that owns them, the Glazers, retained almost total voting control over the team.