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Manchester United confirm Glazers have sold £117m worth of shares (Details)

Manchester United confirm Glazers have sold £117m worth of shares (Details)

Manchester United‘s much-maligned owners the Glazers have sold £117million worth of shares in the club.

But United supporters won’t be getting their hopes up for an exit – the Americans still own 69 per cent of the Premier League giants.

A statement confirmed the Red Devils ‘will not receive any proceeds from the sale’ as it lines the American owners’ pockets once more.

Tuesday night’s sale was put in the name of club directors Kevin and Edward Glazer.

They are the brothers of United co-chairmen Avram and Joel, who took over from their father Malcolm following his death in 2014.

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This latest sale works out as around eight per cent of the Glazer family’s ownership of the club.

The BBC reports the owners have no intention of selling up but instead remain committed to United.

Last March, Avram Glazer sold £70m worth of shares – none of which went to the club.

Source: TheSun

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