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31 Jul 2014

Man United owners to sell five per cent share in club for US$150m
BY Tom Walker

The Glazer family took over the club in 2005

The Glazer family took over the club in 2005

Six children of the late billionaire Malcolm Glazer are expected to make around US$150m (£89m) by selling a five per cent stake in Manchester United Football Club (MUFC).

Avram, Kevin, Bryan, Joel, Darcie and Edward – who took over their father's business interests when he passed away in May 2014 – will still own 80 per cent of MUFC after the sale.

The Glazer family bought the English Premier League club for US$1.34bn (£790m) in 2005.

It is believed that none of the money generated by the sale will be re-invested in the club.

MUFC was floated on the New York Stock Exchange in 2012 and the club’s shares are currently priced $19.31, valuing the club at nearly US$3.2bn (£1.9bn).




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