The owners of the world’s most popular soccer club, Manchester United, are reportedly considering a share offering in the Singapore stock market in order to raise proceeds to reduce debt.

According to BBC, however, an initial public offering is only one of a number of possible strategies the Glazer family is proposing.

And any such sale would involve only a minority stake – likely less than 25 percent, which would mean no outside entity could take control of the hugely popular club.

BBC speculated such a sale could generate £400-million (or $657-million).

Before the Glazers acquired the team in 2005, Man. United was actually listed on the London stock market.

The Old Trafford club is massively popular in Asia, with an estimated 190-million fans on the continent.