- Family sell shares valued at $186m – an uplift of $21m
- Glazers remain committed to United for the long term
Manchester 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.
