Man Utd co-chair Avram Glazer to sell $100 million worth of shares

(Reuters) - Manchester United co-chairman Avram Glazer plans to sell five million Class A shares, the English soccer club said late on Thursday, in a stake sale that could be worth around $100 million.

New York-listed shares in United, controlled by the American Glazer family, closed at $20.13 on Thursday. The offering, which has not yet been priced and will not result in proceeds for the company, is expected to close on March 16, the club said.