Manchester United co-chairman Avram Glazer has put shares worth more than £70million up for sale. The Old Trafford giants announced “the offering of 5,000,000 of its Class A Ordinary Shares by the Avram Glazer Irrevocable Exempt Trust” following Thursday’s Europa League draw with AC Milan. The club confirmed “Manchester United will not receive any proceeds” from the sale of the Class A shares, which have a tenth of the voting rights of Class B shares. Avram Glazer’s personal stake would reduce to 10.2 per cent if they are sold, reducing the Glazer family’s ownership from 78 per cent to 74.9 per cent. United have not won the Premier League since Alex Ferguson’s retirement in 2013 and are currently 14 points of league leaders and city rivals Manchester City.

Source: The Irish Times March 12, 2021 10:41 UTC