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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).

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