Soccer

Glazer family to raise $150M through sale of more Man U shares

{eot}
The Canadian Press
7/30/2014 5:15:14 PM
Decrease Text SizeIncrease Text Size
Text Size

Manchester United's American owners are set to raise around $150 million by selling more of their shares in the club on the New York Stock Exchange.

The English Premier League club announced Wednesday that the Glazer family is selling 8 million shares with reduced voting rights, which equates to around 5 per cent of the business. The Glazers, who maintain control of the club, previously sold 10 per cent of their holding via a stock listing in 2012.

The latest share sale was announced on a day when United shares closed at $19.31, with the Glazers cashing in at a time of renewed confidence at the club.

It also comes two months after Malcom Glazer, who led the family takeover of United in 2005, died. His six grown children control the club.

Manchester United celebrates (Photo: The Canadian Press)

zoom

(Photo: The Canadian Press)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


Podcasts

TSN 690: oranges at halftime: Frank Klopas: Sept. 18

Following Wednesday night's Champions League win, we catch up with the Impact's Head Coach

TSN 690: oranges at halftime: Tommy Smyth: Sept. 18

We recap the UEFA Champions League Matchday 1 and sneak a peak at Tommy's legendary prediction ways.

TSN FC with Luke Wileman, Jason deVos & Kristian Jack - September 15

Luke, Jason and KJ are back in-studio to talk Toronto FC dysfunction, Tim Leiweke's comments, the Whitecaps playoff push, EPL & more.


More Podcasts

Premier League Shows on TSN.ca

TSN.ca is Canada's exclusive home to highlight and feature programs from the Barclay's Premier League. Check out the latest programs on VOD below.


Net Busters

See all the goals, saves, bloopers and quotes from each week

- Episode 4

Previous episodes:3 | 2 | 1


BPL Match Pack

Weekly match preview show using interesting facts & figures

- Week 5

TSN TweetBox
© 2014
All rights reserved.
Bell Media Television