Mexico City
Manchester United has been a family business since 2005 Glazer, when Malcolm decided to buy the club but since then there has been controversy again as the fans don’t want them on the team and it has become normal to see banners calling for their departure or green and yellow scarves, but perhaps the pandemic of COVID-19 it could bring changes.
The Reds Devils they announced that co-owner Avram Glazer listed 5 million shares, of which it could fetch a hundred million dollars, given the present value of each $ 20.13
As a result the percentage of the family Glazer in the club it fell from 78 to 74.9 percentalthough neither is expected Avram nor his brother Joel, co-owner sells more shares and continues to monitor the team.
In addition to Avram and Joel, Kevin, Bryan, Darcie and Edward Glazer are senior club managers and the sale of stock leaves nothing to all of Old Trafford, as specified in a statement from the stock exchange New York
“The Manchester United you will not receive any proceeds from the sale of Class A common shares by the selling shareholder, ”the text reads.