Manchester United have been given the green light to float on the Singapore stock exchange.
Permission was granted on Friday, so United are now free to open dialogue with potential investors.
Although precise details of United's plans are yet to be announced, it is thought the Glazer family are looking at selling 25% of the club, which they hope will net them £600million.
It has been suggested two-thirds of United's offering will be in preferred shares, which may carry at least double the dividend of ordinary stock while lacking voting rights.
That dual-share structure would allow the Glazer family to retain control of the football club after the IPO.
United this month posted a record full-year operating profit of £110.9million to June 30.
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