“The sale is a personal matter for Edward and Kevin,” a spokesman said in written comments, adding that post-sale, the Glazers will hold a combined 69% stake, down from about 75%. The move follows the family offloading about US$96 million worth of stock in March.
Shares of Manchester United Plc fell as the English soccer club’s owners offered to sell a stake worth about US$186 million, the second disposal this year by the Florida-based Glazer family.
Kevin Glazer and Edward S. Glazer’s trusts offered 9.5 million shares, according to a statement published after the close of trading Tuesday. The stock fell 7.7% in the aftermarket.
