Manchester United s owners, the Glazer family, could be set to sell their stake in the club amid reports of a $US1 billion floatation.
The American owners are reportedly preparing an initial public offering for up to 25 percent of the club by the end of the year, depending on market conditions.
However, senior Manchester United figures have told Goal.com that the Glazers are set to float the English Premier League club on the Singapore stock exchange and sell their entire stake, which they bought for 790 million pounds in a leveraged buyout in May 2005.
The Qatari government has previously been credited with an interest in buying United, but the Glazers reported 1.7 billion-pound valuation is said to have been too prohibitive.
The latest reports come two months after it was speculated that the Glazers were considering floating the club on the Hong Kong stock exchange.
The club is said to be looking to slash its 500 million-pound debts, which are still costing United 45 million pounds a year to service.
The fees remain despite paying out around 350 million pounds to service the loans taken on to buy the club six years ago.
The Glazers ownership has been shrouded in controversy, with many United fans angry that the club is in such debt despite an annual turnover of 286 million pounds in its latest accounts for the year to June 30, 2010.
A group of bankers and lawyers in opposition to the Glazers ownership attempted a one billion-pound takeover of the club in 2009.
The Americans, who also own NFL franchise Tampa Bay Buccaneers, have been constantly trying to wrestle with the club s finances.
In January 2010, a bond issue raised 526 million pounds to help them cut the mammoth costs of servicing the club s debts.
Shortly after, they paid off high-interest payment-in-kind notes of 220 million pounds.
