In June 2012, after several months with no further developments on the Singapore front, several sources reported that the club was considering moving its share issue to the United States,[86] and in July 2012, an application was made for the club to sell shares on the New York Stock Exchange (NYSE), with a target of raising $100 million (£64 million).[87] More details of the sale were released at the end of July, with the club announcing that they intended to sell 16.7 million shares (approximately 10% of the club) at between $16 and $20 each, raising up to $330 million (£210 million).[88] Shares in the club would be divided into two groups, with Class A shares sold to the public and Class B shares retained by the Glazer family.[89]