Avram Glazer puts £70M of Man Utd shares up for sale

Football
12 Mar 2021 • 2:52 PM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

Avram Glazer has made part of his shareholding of Manchester United available.

The Athletic reports Glazer is looking to sell a portion of his shares in Manchester United after putting up over £70m worth on the market.

It comes a week after the club announced their second-quarter financial results, which saw their net debt grow to £455.5 million.

That is an increase of £64.2 million compared to last year and can be attributed to the lack of matchday revenues.

Nevertheless, United are still looking strong from a financial point of view, especially compared to many clubs around the world.

United's share price has gone over $20 for the first time since January 2020.

And the 60-year-old has placed 5m worth of shares on the market, which would be worth $100m (£71.48m).