Glazers to raise $150 million by cutting Manchester United stake


  • Football
  • Thursday, 31 Jul 2014

LONDON (Reuters) - The Glazer family will make around $150 million (£88.6 million) by selling part of its stake in Manchester United although the deal will leave the Americans firmly in control of the English soccer club.

The Glazers, who bought United for 790 million pounds in 2005, are selling 8 million of their shares in the club which amounts to a stake of about five percent.

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