Man Utd ditching Asian flotation plans in favour of US

Manchester United, the world’s best supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the US, according to sources with knowledge of the deal.

After first eyeing a Hong Kong IPO, the former English soccer champions had planned a $1bn (€798m) listing in Singapore in the second half of last year before putting plans on hold because of market turmoil.

United, English league champions a record 19 times, declined to comment on the report.