MX23RW : Friday, January 18 08:18:53

Manchester United owners to 'raise £87m in shares sale'

The owners of Manchester United are to sell a percentage of their shares, which is expected to raise around £87m in funding for the club.

Manchester United's owners are expected to raise around £87m by selling their shares in the club on the New York Stock Exchange.

The Glazer family, who will maintain control of the Red Devils, are to sell eight million shares - five per cent of the business - with reduced voting rights.

Malcolm Glazer, the man who led the takeover of the Old Trafford outfit, passed away in May leaving his six grown children in control of the club.

United signed a 10-year kit deal earlier this month with sportswear manufacturer Adidas, which is worth around £750m from 2015.

The American owners previously sold 10% of their holding via a stock listing in 2012.


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:
Bucs legends pay tribute to Glazer
>

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

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