Manchester United is reportedly looking to raise $US1 billion via a stock market flotation in Singapore by the end of this year.
The Uk football club was listed on the markets in London before being taken over by the Glazer family from the United States in 2005 for £790 million.
Banks Credit Suisse and UBS are reportedly close to winning the mandate for the IPO. IFR, a Thomson Reuters publication, reported Morgan Stanley was also in the running.
The Glazers have consistently said they do not plan to sell the club, making it likely they plan to issue new shares to raise funds which could be used to reduce the club's huge debt.
The Sunday Mirror reported earlier this month that the Glazers were looking to sell as much as 25% in a share offering.
The club's 2010 full-year results showed gross debt of £522 million ($US857 million), with a net loss of £84 million.
Manchester United said it does not comment on speculation. Morgan Stanley, UBS and Credit Suisse declined to comment.
United has an estimated 333 million fans globally and more than 190 million in Asia.