Football News

Glazer Out to Sell Some of His United Shares

Manchester United co-owner Avram Glazer has put some of the club’s shares he owns up for sale.

The Glazers have owned Manchester United since 2005.

At the moment the price of stocks Man Utd is 20 dollars 13 cents, which is their peak price over the past 12 months.

And Glazer intends to sell 5 million ordinary shares of the club, claims Sky Sports.

So, the American businessman could earn $100.65 million.

Avram Glazer’s personal stake would drop to 10.2%.

If these shares are sold, the entire Glazer family’s stake would drop from 78% to 74.9%.

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