Manchester United's owners have put up another 9.5m shares, with a value of $186.86m (£137.12m), for sale.
United notified the New York Stock Exchange of the sale on Tuesday evening, in the names of club directors Kevin Glazer and Edward Glazer.
The statement makes it clear the club "will not receive any proceeds from the sale".
The sale represents 8% of the family's total combined ownership, although they will still hold a combined 69% of the shares in United and sources say they remain committed to the club.
It is almost certain the shares will be sold at a price lower than the Stock Market value due to the sheer number being sold.
Browse:
Glazers to sell another 8%
comment by פlǝuƃɥᴉs (U19365)
posted on 6/10/21
Also, these will be non-voting shares like all the others sold previously.
comment by Sheriff JW Pepper (U1007)
posted on 6/10/21
comment by Culér (U9489)
posted 1 hour, 38 minutes ago
Now this is very, very interesting. Let me pull some strings within my network. The tide could be turning, albeit slowly.
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Surely if you're ITK you'd have been all over this days ago
comment by FFS Dunc FFS (U11713)
posted on 6/10/21
comment by Culér (U9489)
posted 1 hour, 42 minutes ago
Now this is very, very interesting. Let me pull some strings within my network. The tide could be turning, albeit slowly.
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what a fecking pleb
comment by The Post Nearly Man (U1270)
posted on 6/10/21
They're just pulling the handle on the machine that always pays out. Ker-chinnng!
comment by Cloggy (U1250)
posted on 6/10/21
comment by Culér (U9489)
posted 3 hours, 13 minutes ago
Now this is very, very interesting. Let me pull some strings within my network. The tide could be turning, albeit slowly.
----------------------------------------------------------------------
Comedy gold Ill give you that
comment by Sheriff JW Pepper (U1007)
posted on 6/10/21
Look...if Culer says he has a network & can pull strings, you believe him & have some respect....
disgraceful....
comment by JustYourAverageFan (U21016)
posted on 6/10/21
Usually not a good sign selling shares, especially within the market at the moment. Don't doubt there will be many clubs struggling cash wise though after the pandemic.
comment by The Post Nearly Man (U1270)
posted on 6/10/21
comment by JustYourAverageFan (U21016)
posted 45 seconds ago
Usually not a good sign selling shares, especially within the market at the moment. Don't doubt there will be many clubs struggling cash wise though after the pandemic.
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The club aren't getting any of the money.
comment by Red Russian (U4715)
posted on 6/10/21
If the Glazers' conciliatory noises in the aftermath of the Super League debacle were sincere, and not a cynical and dishonest ploy to pacify fans until passions died down, then these shares will be made available exclusively through the supporters' trust. I'm sure we all have a sense how it will play out.
comment by Baz tard - ineos your face (U19119)
posted on 6/10/21
comment by Culér (U9489)
posted 12 hours, 28 minutes ago
Now this is very, very interesting. Let me pull some strings within my network. The tide could be turning, albeit slowly.
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go culer
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