Premier League: Manchester United’s owners put up additional 9.5 million shares ($186.86m) for sale, Manchester United Shares on Sale: Manchester United notified the New York Stock Exchange of the sale on Tuesday evening, in the name of two club directors Kevin and Edward Glazer, they are the brothers of United co-chairman Avram and Joel, who took over from their father Malcolm following his death in 2014.
The sale represents 8% of the family’s total combined ownership, although they will still hold a combined 69% of the shares in United. The statement makes it quite clear that the club won’t receive any proceeds of the sale.
Premier League: The Glazers family will remain fully committed to the club
Manchester United Shares on Sale: According to the BBC, they remain fully committed to the club.
This comes five months after United’s Premier League game against Liverpool was postponed due to a fan protest inside Old Trafford. That followed the collapse of the European Super League project which saw United co-chairman Joel Glazer heavily criticized by the united fan base due to his involvement in the failed project and him being its driving force.
United co-chairman Joel Glazer has twice attended Fans’ Forums in the wake of the supporter unrest and pledged to make shares available to fans. The co-chairman said: “I was pleased to join the Fans’ Forum to listen to the views of supporters, address their questions, and share ideas on how we can improve the way we work together.
“As owners, we want exactly the same thing as the fans – a successful team and a strong club – and we want to work in partnership to achieve those objectives.
“Fans are the lifeblood of Manchester United and I am personally committed to ensuring that they are given an enhanced voice, through the creation of a Fan Advisory Board and a Fan Share Scheme.”
In September, Joel Glazer further said implementing a share scheme was “rather complex”, but added: “we’re jumping those hurdles” and hoped to bring the initiative to a conclusion “in the not-too-distant future”.
Premier League: Manchester United’s owners put up additional 9.5 million shares ($186.86m) for sale, Manchester United Shares on Sale
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