Login   |   Register   |   

Sports   (Talk about balls here.)

Started by: Don GB (662)

Manchester United have confirmed that Kevin and Edward Glazer have sold 9.5million shares in the club this month.

The shares were sold at a price of $16.98 per share, which has netted the two Glazer siblings a total of $161,310,000. At current exchange rates that works out at around £117million.That statement said: "Manchester United plc (“Manchester United”) today announced the offering of 9,500,000 of its Class A Ordinary Shares by the Kevin Glazer Irrevocable Exempt Family Trust and the Edward S. Glazer Irrevocable Exempt Trust (the “Selling Shareholders”).

"Manchester United will not receive any proceeds from the sale of any Class A Ordinary Shares by the Selling Shareholders.

This latest sale is worth roughly eight per cent of the Glazer's family's total combined ownership of the club, which now stands at 69 per cent.

So, who owns the other 31%?

Just curious like.

Replied: 19th Oct 2021 at 20:17

Report Abuse

Only use this form to report abuse about the post displayed above. If you have a query or wish to make a comment, do not use this form.

Your IP No. (18.116.62.45) will be logged.

* Enter the 5 digit code to the right of the input box. Don't worry if you make a mistake, you will get another chance. Your comments won't be lost.