Glazer puts £70m of Man Utd shares up for sale
Avram Glazer has made part of his shareholding of Manchester United available.
According to The Athletic, Glazer is looking to sell a portion of his shares in Manchester United after putting up over £70m worth on the market.
It comes a week after the club announced their second-quarter financial results, which saw their net debt grow to £455.5 million.
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That is an increase of £64.2 million compared to last year and can be attributed to the lack of matchday revenues.
Nevertheless, United are still looking strong from a financial point of view, especially compared to many clubs around the world.
United’s share price has gone over $20 for the first time since January 2020.
And the 60-year-old has placed 5m worth of shares on the market, which would be worth $100m (£71.48m).