17 Aug 2011

Man United to float in Singapore

5:30 am on 17 August 2011

English Premier League football champions Manchester United are looking to raise more than a billion dollars via a stock market flotation in Singapore by the end of the year.

A flotation could help reduce the club's huge debt pile which has helped make the owning Glazer family deeply unpopular with many fans.

The debts could also mean United could struggle to meet the "Financial Fair Play" rules put forward by UEFA, one of the aims of which is to limit the amount of borrowing clubs can take on, though the application of the rules on individual clubs remains to be seen.

It would be a second stock market incarnation for the club, which was listed in London before being taken over by the Glazers in 2005.