Market Chatter: Some Glazer Family Members Weighing Sale of Manchester United Stake

MT Newswires Live06-04 07:32

Some members of the Glazer family are debating whether to sell part or all of their stake in Manchester United (MANU), one of the world's largest soccer clubs, after more than 20 years of ownership, Bloomberg reported Wednesday, citing people familiar with the matter.

Discussions initially centered on stake sales by individual family members, who are now seeking to convince others to join them, though no decision has been made and some members remain against a sale, Bloomberg said.

A potential deal could attract interest from Middle Eastern parties and wealthy U.S. individuals, according to the report.

Manchester United shares trade at around $21 on the NYSE, implying a market value of roughly $3.6 billion, though any sale would likely far exceed that figure given the voting rights attached to Glazer shares, Bloomberg noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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