Manchester United floatation given go-ahead

Manchester United's plans to launch a floatation on the Singapore Stock Market have today been given the go-ahead.

It is believed that the Glazer family are looking to sell 25% of the club, which they hope will earn them £600m.

Opponents of the Glazer regime have already called for the proceeds from any partial sale to be used to clear the club's debt.

Earlier this month United posted a record operating profit of £110.9m to June 30.