The Glazers are moving to raise extra funds at Manchester United.
The Mail on Sunday says United's owners are rushing to raise up to £250million through the issue of shares and could make the move as soon as February.
Ed Woodward, United's executive vice-chairman, had insisted there were no imminent plans for a share issue, but the Glazer family have already cleared the way in the US to issue up to 23million shares.
It is expected the Glazers will keep some of that cash themselves, which is likely to infuriate fans but they will also look to pay off a substantial amount of the debt on the club, which stands at £389.2m.
A source close to the club said: "If the conditions are right the Glazers will look to announce the issue of the shares as soon as February after a powerful showing in the January window."
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