BBC Business News Page -- 31 July 2014 Last updated at 00:16 Glazers to raise £88.7m in Manchester United share sale Manchester Uniteds US owners are set to pocket about $150m (£88.7m) by selling more of their shares in the club on the New York Stock Exchange. The club said the Glazer family is selling eight million shares, or about 5% of the business. The Glazers, who will keep control of the club, previously sold 10% of their holding via a stock listing in 2012. The deal comes two months after Malcolm Glazer died. His six grown children control the club. The latest share sale was announced on a day when United shares closed at $19.31 apiece. The Glazers bought United for £790 million ($1.34bn) in 2005. Once the shares are sold, the six children of the late Mr Glazer will still own more than 80% of the clubs total shareholding.
Posted on: Wed, 30 Jul 2014 23:43:09 +0000
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