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Glazers Selling More Shares

Glazers Selling More Shares

Manchester United's owners, the Glazer family, who have had control at Old Trafford since a $1.34b (£790m) takeover in 2005, are to sell more of their shares on the New York Stock Exchange.

The BBC reports the American's are looking to earn $72.89m (£56.04m) next week, concluding the sale by Tuesday, by offloading around 2% of their club shares.

Having sold 10% of their holding in 2012, which saw the Glazers secure $233m (£150m), still well down, a third by all accounts, on what they had anticipated receiving, selling further sales will - once this amount goes - reduce those floated on the Stock Market to a little over 20%.

The money received from this latest share sale will of course go direct to the Glazer family and NOT Man United.

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Writer:Site Staff
Date:Thursday August 10 2017
Time: 11:16AM

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