Manchester United plc (MANU)
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- Motley Fool
Why Manchester United Stock Crashed 14% Today
Investors gave shares of the publicly traded Manchester United (NYSE: MANU) football club (although we all know they really play soccer) a red card this morning, selling off the stock by 14.3% through 11 a.m. EDT. As announced this morning, the Kevin Glazer Irrevocable Exempt Family Trust and the Edward S. Glazer Irrevocable Exempt Trust, which own a combined 40.4 million shares of the company (almost 25% of shares outstanding, according to data from S&P Global Market Intelligence), will be selling 9.5 million of those shares in a secondary offering that will close on Oct. 8. Manchester United shareholders who aren't selling can't expect any benefit from this deal, because in a secondary offering by insider shareholders, the company doesn't receive any of the cash from the sale.
- Bloomberg
Man United Shares Tumble as Glazer Family Cuts Stake Again
(Bloomberg) -- Shares of Manchester United Plc slid the most since March 2020 after the English soccer club’s owners sold a stake worth about $186 million, the second disposal this year by the Florida-based Glazer family.Most Read from BloombergLeft-Wing Rage Threatens a Wall Street Haven in Latin AmericaChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseBefore Interstates, America Got Around on InterurbansReshaped by Crisis, an ‘Anti-Biennial’ Reimagines ChicagoThis Is What Europe’s Gr
- Business Wire
Manchester United PLC Announces Offering of Class A Ordinary Shares by the Selling Shareholders
MANCHESTER, England, October 05, 2021--Manchester United plc ("Manchester United") today announced the offering of 9,500,000 of its Class A Ordinary Shares by the Kevin Glazer Irrevocable Exempt Family Trust and the Edward S. Glazer Irrevocable Exempt Trust (the "Selling Shareholders"). Manchester United will not receive any proceeds from the sale of any Class A Ordinary Shares by the Selling Shareholders. The offering is expected to close on October 8, 2021, subject to customary closing conditi
