United Updates

Manchester United is to sell off a significant stake in the club in Singapore to partly pay off its gross debts of £515m, the BBC has learnt. BBC sports editor David Bond says it is understood the club has now lodged a listing application with the Singapore Stock Exchange. Our correspondent says it could raise between £400m and £600m for the club. It is understood the club wants to complete the listing by the end of the year. The owners, the Glazer family, removed the Old Trafford club from the London stock market following their successful take over of the Old Trafford club in 2005. A partial share sale, of between 25% and 30%, would also mean that no outside person could take control of the club.

Manchester United's owners, the Glazer family, are considering a share sale in Singapore to help raise money to reduce some of their debts. The BBC's sports editor David Bond says an initial public offering (IPO) is one of a number of refinancing options the American family is examining. But, he says, they are only considering selling a minority stake - perhaps no more than 25%. If successful, such a move could raise £400m ($657m). The Old Trafford club was listed on the London stock market until it was taken over by the Glazers in 2005. Small sale, big move A partial sale share would mean that no outside person could take control of the club.