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Manchester United Said to Plan $1 Billion Singapore Offer

Manchester United plans a $1 billion initial public offering in Singapore, two people familiar with the matter said, as the record 19-time English soccer champion seeks to cut debt that has fueled fan protest.

Credit Suisse Group AG is working on the transaction, which may take place this year, said the people, who declined to be identified because they weren’t authorized to speak publicly. The Premier League team had been considering Hong Kong for the IPO but now favors Singapore, although no final decision has been made, the people added. United is ready to sell about 25 percent, one of the people said.