In a surprise move, it appears that the world’s most valuable football club is planning to raise up to $1bn through a partial flotation in Singapore.

Today’s FT reports that the ‘Glazer family, the US-based owners of United, have long believed that the football club was worth more than £2bn ($3.3bn). However, one person with knowledge of the flotation plan said the Glazers had been advised that a partial flotation could establish a value of £1.7bn.’