Manchester United's Avram Glazer timed his sale of five million shares perfectly to land up to $100M - News Summed Up

Manchester United's Avram Glazer timed his sale of five million shares perfectly to land up to $100M


Manchester United co-chairman Avram Glazer timed the sale of five million shares perfectly to cash in on the club's high value, which analysts estimate has risen by £700 million in 12 months. 'Manchester United does not own the shares,' Kieran Maguire, a football finance expert at the University of Liverpool told Sportsmail. 'The markets are pricing in that Manchester United will be more wealthy from 2024. Wilson said that from a business perspective, Manchester United is over-performing, even though success on the pitch has been limited. Avram Glazer could make up to £72m from the sale of five million Manchester United sharesOther clubs, meanwhile, were signing sponsorship deals for up to three years.


Source: Daily Mail March 12, 2021 15:56 UTC



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