Manchester United Supporters' Trust chief executive Duncan Drasdo has welcomed the club's decision to float shares on the United States stock exchange.
United reportedly hope to raise £64m through the move and, despite calls from some fans for the money to be spent on new players, Drasdo is happy that the club plan to use the income from the share sale to offset the debts at Old Trafford.
He said: "If it turns out the vast majority of the proceeds are used to pay off the debt that is certainly something we would welcome."
Meanwhile, Red Devils manager Sir Alex Ferguson has said that he is hopeful of signing "one or two" new players this summer.
Written by
Robert Summerscales
Robert Summerscales
