The Glazers put another 9.5m Man Utd shares UP for sale worth £137 MILLION as fans continue to protest against owners

THE GLAZERS have put another 9.5million Manchester United shares up for sale.

That equates to £137m worth of stake in the Old Trafford club on the New York Stock Exchange.

Although due to the number of shares being sold – at approximately £14.43 per share – it is expected they will go for a lower price.

And a statement confirmed the Red Devils 'will not receive any proceeds from the sale' as it lines the American owners' pockets once more.

Tuesday night's sale was put in the name of club directors Kevin and Edward Glazer.

They are the brothers of United co-chairmen Avram and Joel, who took over from their father Malcolm following his death in 2014.

This latest sale works out as around eight per cent of the Glazer family's ownership of the club.

However, they still hold a combined 69 per cent share.

 

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And the BBC report the owners have no intention of selling up but instead remain committed to United.

Last March, Avram Glazer sold £70m worth of shares – none of which went to the club.

And the resentment towards the unpopular owners went to a new level with Joel Glazer's role in the European Super League plans.

He wanted United to be part of a 20-team breakaway group of clubs.

But club legends, the Prime Minister and especially the fans fired back furiously.

The supporters protested at the home match against Liverpool in April, eventually breaking into the stadium as the game had to be abandoned.

Since then, United spent £135m in the transfer window and Joel Glazer has attended two Fans Forums following the fury and promised they would have the opportunity to buy shares.

In September, he said putting the share scheme was 'rather complex'.

However, he added the owners 'are jumping those hurdles' with the hope of reaching a solution 'in the not-too-distant future'.

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The co-chairman said: "I was pleased to join the Fans' Forum to listen to the views of supporters, address their questions, and share ideas on how we can improve the way we work together.

"As owners, we want exactly the same thing as the fans – a successful team and a strong club – and we want to work in partnership to achieve those objectives.

"Fans are the lifeblood of Manchester United and I am personally committed to ensuring that they are given an enhanced voice, through the creation of a Fan Advisory Board and a Fan Share Scheme."


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