Glazers to sell United shares

Two members of the Glazer family are set to receive a windfall of up to £137m after putting 9.5 million Manchester United shares up for sale. The prospectus makes clear that none of the money will go back into the club.

Seven months ago co-chairman Avram Glazer received about £70m after selling five million of his Class A shares.

The sales will not weaken the family's control of the club. They will still have a 69 per cent stake and, more importantly, they own most of the Class B shares which have ten times the voting rights of Class A shares.

The club's debts amount to £491m.

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