£137.12m worth of Manchester United shares put up for sale by Glazers

Jadon Sancho announcements from Manchester United
Jadon Sancho announcements from Manchester United

Manchester United owners have put 9.5 million shares of the club up for sale.

According to the Guardian, shares worth around £137.12 million have been made available via the New York Stock exchange.

The number of listed shares represent about 8% of the Glazer family’s combined ownership of the Red Devils.

As per the reports, the Premier League club will not receive any proceeds from the sale of these shares.

This could be the Glazers delivering on their promise that some of the shares would be made available to the fans.

The Glazers were heavily criticised earlier this year for their involvement in the European Super League and the club hierarchy promised to make amends by maintaining a close relationship with the fanbase and offering them some shares in return.

The Americans took control of the Premier League club back in 2005 and they have had a turbulent relationship with the Manchester United fans ever since.

Mismanagement of finances and the lack of ambition since the departure of Sir Alex Ferguson has left a club like Manchester United without a league title for several years.

Since the European Super League debacle, the Glazers have been a lot more active in their approach and they backed manager Ole Gunnar Solsjkaer with some outstanding signings during the summer transfer window.

Manchester United managed to bring in the likes of Cristiano Ronaldo, Raphael Varane and Jadon Sancho.

It will be interesting to see if they can help the club end their wait for a league title this season.