Manchester United: Edward Glazer is selling 3 million shares (potential profit of €32m)

The American Edward Glazer, a shareholder of Manchester United FC (Barclays Premier League), is selling 3 million Class A common shares of the Manchester United plc company, announced the club on 08/12/2014. This sale, entrusted to the US investment bank Jefferies LLC, is due to end on 12/12/2014, read the statement from the club. Jefferies has an option on 450,000 additional Class A common shares, valid until 07/01/2015.

The profits from this sale, estimated at £25m (nearly €32m) in the British press, will only go to Edward Glazer, co-chairman of the Glazer Family Foundation and the NFL (National Football League, American football) franchise Tampa Bay Buccaneers.

• Manchester United FC was bought in 2005 for £790m (€1.145bn at the time) by Red Football LLC, owned at the time, by the American businessman Malcolm Glazer, who died at the age of 85 years on 28/05/2014.
• Red Football LLC now belongs equally to the six children of Malcolm Glazer.
• Manchester United has been co-chaired by Joel and Avram Glazer since 2005.

Manchester United: composition of the capital (on 05/12/2014):

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