Glazers to raise $150 million by cutting Man Utd stake

By Keith Weir LONDON (Reuters) - The Glazer family will make around $150 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 ($1.34 billion) in 2005, are selling 8 million of their shares in the club which amounts to a stake of about five percent. Once the shares are sold, the six children of the late Malcolm Glazer will still own more than 80 perce

Glazers to raise $150 million by cutting Man Utd stake 2014-07-30T15:40:00-07:00 Rating: 4.5 Diposkan Oleh: Unknown