Manchester United have confirmed they're amending their plans to float on the New York Stock Exchange.

An announcement was made on Monday 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.

However, the prospectus that has been released to accompany the announcement indicates only half the money will be used in that way, with the rest going directly to the Glazer family.