MX23RW : Thursday, April 18 18:56:28| >> :600:137501806:137501806:

Manchester United co-owner Edward Glazer to sell three million shares

Manchester United announce that co-owner Edward Glazer plans to sell three million of his shares in the club.

Manchester United have announced that co-owner Edward Glazer intends to sell three million of his shares in the club.

The Premier League outfit, which is listed on the New York Stock Exchange, was bought by Malcolm Glazer, who passed away in May, and his family back in 2005.

Last night, during the second half of United's 2-1 victory over Southampton, it was announced by the club that Glazer wants to sell 85% of his shares, which could earn him around £31m ($49m).

A statement read: "Manchester United will not receive any proceeds from the sale of any Class A Ordinary Shares by [Glazer]. The offering is expected to close on December 12, 2014, subject to customary closing conditions."

Four months ago, the Glazer family announced plans to sell approximately five per cent of their stake in the club.


Click here for more stories about Malcolm Glazer

Click here for more stories about Manchester United

Share this article now:
Tampa Bay Buccaneers owner Malcolm Glazer is on the sidelines before play against the Buffalo Bills September 18, 2005
Read Next:
Glazers to consider Man Utd sale?
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Tables
TeamPWDLFAGDPTS
1Liverpool34267177205785
2Manchester CityMan City33272486226483
3Tottenham HotspurSpurs332211064343067
4Arsenal33206766402666
5Chelsea34206857362166
6Manchester UnitedMan Utd33197763441964
7Leicester CityLeicester34145154645147
8Wolverhampton WanderersWolves33138124142-147
9Everton34137144644246
10Watford33137134748-146
11West Ham UnitedWest Ham34126164252-1042
12Bournemouth34125174961-1241
13Crystal Palace34116174046-639
14Burnley34116174260-1839
15Newcastle UnitedNewcastle34108163243-1138
16Southampton3399153954-1536
17Brighton & Hove AlbionBrighton3396183253-2133
18Cardiff CityCardiff3494213063-3331
RFulham3455243276-4420
RHuddersfield TownHuddersfield3435261967-4814

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account