Glazer family’s current stance on selling Man Utd for good with more shares sold
The Glazers remain committed to owning Manchester United despite putting eight per cent of their total shares up for sale, according to reports.
United supporters have been desperate for the Glazers, who began their unpopular tenure at Old Trafford back in 2004, to depart the club for several years.
As a result, the American tycoons' significant involvement in the failed European Super League project last April sparked mass fan unrest, which even forced their Premier League outing at home to Liverpool to be postponed when protesters broke onto the pitch.
Avram Glazer had sold £70million worth of shares in United the month prior, and now Kevin Glazer and Edward Glazer have put up £137million worth.
However, that only works out to around eight per cent of the family's total combined ownership, as they still hold 69 per cent of the shares in United.
And according to BBC Sport reporter Simon Stone, the Glazers are not planning to walk away from Old Trafford anytime soon and instead remain very much committed to the club.
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Cristiano Ronaldo's move to Man Utd was finalised in Gary Lineker's garden
United are said to have notified the New York Stock Exchange of their latest sale on Tuesday, but the club "will not receive any proceeds" from it.
The shares will be sold at a lower price than the Stock Market value because of the sheer number – an estimated 9.5million – that are being sold.
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In the wake of fan protests earlier this year, United co-chairman Joel Glazer has twice attended Fans Forums, where he pledged to make shares in the club available to supporters.
But in September he appeared to backtrack on that promise, branding a potential share scheme "rather complex" despite the fact they are "jumping those hurdles".
Joel hopes to bring the initiative into place in the "not-too-distant future", although it remains to be seen how much influence it will hand United fans in the running of their beloved club.
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