LONDON: Manchester United's American owners are planning to dilute their stake in the Premier League champions with a partial stock market flotation in Singapore, sources familiar with the plans said Tuesday.
The Glazer family has chosen the Singapore stock exchange for an initial public offering because Asia is now central to United's growth away from the football pitch, the sources told The Associated Press. They spoke on condition of anonymity because they were not authorized to discuss the English club's financial plans publicly.
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