Manchester United joint owner Edward Glazer to sell £28m worth of shares

Comments Off on Manchester United joint owner Edward Glazer to sell £28m worth of shares

The sale comes six months after the death of Malcolm Glazer, the businessman who led a debt-laden takeover of the Red Devils in 2005, angering the club’s huge fan base.

Ownership was split equally among Malcolm’s six children after his death.

Edward is selling 3 million of his 3.45 million ‘A’ shares in the club, although he will retain the all-important ‘B’ shares which give the family control.

News of the sale broke at half-time in the club’s 2-1 win away at Southampton – their fifth straight Premier League win lifting them to third in the table.

Shares dipped nearly 10% in after-hours trading following the news.

 

Source Article from http://www.standard.co.uk/business/business-news/manchester-united-joint-owner-edward-glazer-to-sell-28m-worth-of-shares-9911949.html

December 9, 2014 |
Copyright © 2018 LondonBusinessLink.co.uk. All Rights Reserved. LondonBusinessLink.co.uk
WordPress Directory Theme

Classified Ads Software

We use cookies to ensure that we give you the best experience on our website.
More about our cookies
Ok
Skip to toolbar