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Unread 12-03-2021, 11:00 AM
fred tissue
 
Default Manchester United co-chairman Avram Glazer to sell £70m worth of shares

  • United will ‘not receive any proceeds’ from sale of Class A shares
  • Sale would reduce Glazer’s ownership from 78% to 74.9%
Manchester United co-chairman Avram Glazer has put shares worth more than £70m up for sale.

The club announced “the offering of 5,000,000 of its Class A Ordinary Shares by the Avram Glazer Irrevocable Exempt Trust” following Thursday’s Europa League draw with Milan. The offering is expected to close on Tuesday and the current New York Stock Exchange valuation of $20.13 each (£14.39) per share would mean he is in line to rake in $100.65m (£72.2m).

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