Manchester United’s US owners are set to pocket about $150m (\u00a388.7m) by selling more of their shares in the club on the New York Stock Exchange.<\/p>\n
The club said the Glazer family is selling eight million shares, or about 5% of the business.<\/p>\n
The Glazers, who will keep control of the club, previously sold 10% of their holding via a stock listing in 2012.<\/p>\n
The deal comes two months after Malcolm Glazer died. His six grown children control the club.<\/p>\n
The latest share sale was announced on a day when United shares closed at $19.31 apiece.<\/p>\n
The Glazers bought United for \u00a3790 million ($1.34bn) in 2005.<\/p>\n
Once the shares are sold, the six children of the late Mr Glazer will still own more than 80% of the club’s total shareholding.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Manchester United’s US owners are set to pocket about $150m (\u00a388.7m) 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% […]<\/p>\n","protected":false},"author":20,"featured_media":35921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[1885,29,3,138],"class_list":["post-35917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-chris-ackumey","tag-dr-mahamudu-bawumia","tag-ghana-news","tag-stonebwoy"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35917"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/35921"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}