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Avram Glazer announces sale of over £70m worth of Manchester United shares

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manchestereveningnews.co.uk

straight to your inbox every day for freeManchester United have announced that co-chairman Avram Glazer has put a portion of his shares in the club up for sale.The United chief could receive roughly £71million after he put five million of his shares in United up for sale late on Thursday night.A deadline of Tuesday has been put on the sale of the shares, which were valued at $20.13 each (£14.39) when the New York Stock Market closed yesterday.Glazer, 60, has no guarantees of selling the shares - but if he were to be successful then the estimated sale worth would be $100.65 million (£71.5 million) based on the latest stock figures.A successful sale would see Avram's personal stake in the club reduce down to 10.2% while the family's as a.

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