Manchester United put up £137m shares for sale

06 Oct 2021

By: Sport Industry Group

Manchester United’s owners, the Glazer family, have put 9.5 million shares in the club up for sale. The club announced the stock, worth £137.1m, would be made available via the New York Stock Exchange.

United notified the New York Stock Exchange of the sale on Tuesday evening, in the names of club directors Kevin Glazer and Edward Glazer.

Previously, Avram Glazer (pictured, middle) sold £70m of his shares in March although United did not receive anything from that sale.

The latest development comes amid the continuing fall-out following the failure of the European Super League project, earlier this year.

This led to strong fan protests and even culminated in United supporters breaking into Old Trafford causing the game against Liverpool to be postponed in anger at the Glazer family’s ownership of the club

The sale represents 8% of the family's total combined ownership, although they will still hold a combined 69% of the shares in United.