United confirm share plans

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The Glazer family have issued a notice of intent to sell just over 10 per cent of Manchester United on the New York Stock Exchange.

An announcement was made this evening and confirms an intention to raise around 300million US dollars.

However, there does appear to have been a significant shift in how the proceeds will be used. Previously, it was suggested that the entire sum would be used to pay off United's massive debt, that currently stands at over £400million.

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