{"id":35917,"date":"2014-07-31T08:00:00","date_gmt":"2014-07-31T08:00:00","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=35917"},"modified":"2014-07-31T08:52:37","modified_gmt":"2014-07-31T08:52:37","slug":"glazers-to-raise-88-7m-in-manchester-united-share-sale","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/07\/glazers-to-raise-88-7m-in-manchester-united-share-sale\/","title":{"rendered":"Glazers to raise \u00a388.7m in Manchester United share sale"},"content":{"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.<\/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":[],"categories":[],"tags":[1885,29,3,138],"yoast_head":"\n