Family sell shares valued at $186m – an uplift of $21mGlazers remain committed to United for the long termManchester United’s share price has increased by $2.24 (£1.65) since
Cristiano Ronaldo signed on 27 August, meaning the 9.5m shares sold by the Glazers in the past 24 hours were worth $21.3m more.
That stock, valued at $186.4m (£137.1m) and representing about 8% of the
American family’s holding, has been sold to Bank of America, which must find buyers to sell on to. When the US market opened on the morning of 27 August shares in United were worth $17.38 and at the close of Tuesday, when the Glazers announced the sale, the price was $19.62.