Man Utd to delay Singapore flotation

On Friday it was announced that the Glazers had received the go-ahead to float a minority percentage of shares in Manchester United on the Singapore Stock Exchange, but they will now delay exercising this right, according to the Manchester Evening News.

A source close to the United owners revealed the following explanation for the Glazers apparently pending postponement of the Stock Flotation in Singapore. “They are not ready to go because of the way the markets are looking. While they’ve got the approval for listing they certainly don’t have the intention to go immediately.”

However the notion that the Glazers will not immediately deal in Singapore so as to leave the door open for a potential £1.6bn takeover by the Qatari Royal Family is not being dispelled in many quarters.

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