Sports Business Correspondent
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Jul 30, 2014
Jul 30, 2014

Glazers to raise $150 million by cutting Manchester United stake

LONDON (Reuters) – The Glazer family will make around $150 million by selling part of its stake in Manchester United although the deal will leave the Americans firmly in control of the English soccer club.

The Glazers, who bought United for 790 million pounds ($1.34 billion) in 2005, are selling 8 million of their shares in the club which amounts to a stake of about five percent.

Jul 30, 2014

Soccer-Glazers to raise $150 million by cutting Man Utd stake

LONDON, July 30 (Reuters) – The Glazer family will make around $150 million by selling part of its stake in Manchester United although the deal will leave the Americans firmly in control of the English soccer club.

The Glazers, who bought United for 790 million pounds ($1.34 billion) in 2005, are selling 8 million of their shares in the club which amounts to a stake of about five percent.

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    • About Keith

      "Sports Business Correspondent, a new role at Reuters. I was previously UK Chief Correspondent and have also worked in Italy, Ireland and the Netherlands during more than 20 years with Reuters. I have also worked as an editor in a number of senior roles."
      Joined Reuters:
      September 1988
      Languages:
      English, French, Italian, German and Dutch
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