Edward Glazer is to sell 3 million Manchester United shares he inherited on the death of his father. The announcement was made during last night’s game against Southampton.
Estimates of how much he will receive vary. Sports journalist David Conn thinks he could make as much as $40m, but other estimates put it between $28m-$30m. In any event there will be no financial benefit to the club.
Edward Glazer is to sell 3 million Manchester United shares he inherited on the death of his father. The announcement was made during last night’s game against Southampton.
Estimates of how much he will receive vary. Sports journalist David Conn thinks he could make as much as $40m, but other estimates put it between $28m-$30m. In any event there will be no financial benefit to the club.
The Glazer famiy’s shareholding is split equally between the children of the late Malcolm Glazer. The stake represents about 15 per cent of Edward Glazer’s total shareholding in Manchester United. As a result of the planned disposal, the Glazer siblings’ collective holding in the club will come down from 83 per cent to about 80 per cent.