MANCHESTER, AP:

Manchester United are exploring raising another $400 million by selling new shares in the Premier League club.

The club, which has been listed on the New York Stock Exchange for three years, announced in a filing to the US Securities and Exchange Commission that it is looking at making 24 million 'Class A' shares available.

The club is still controlled by the American Glazer family through their ownership of privately held 'Class B' shares that carry 10 times the voting power of the stock sold to the public.