NEWS
Man United owners to sell five per cent share in club for US$150m
POSTED 31 Jul 2014 . BY Tom Walker
The Glazer family took over the club in 2005
Six children of the late billionaire Malcolm Glazer are expected to make around US$150m (£89m) by selling a five per cent stake in Manchester United Football Club (MUFC).

Avram, Kevin, Bryan, Joel, Darcie and Edward – who took over their father's business interests when he passed away in May 2014 – will still own 80 per cent of MUFC after the sale.

The Glazer family bought the English Premier League club for US$1.34bn (£790m) in 2005.

It is believed that none of the money generated by the sale will be re-invested in the club.

MUFC was floated on the New York Stock Exchange in 2012 and the club’s shares are currently priced $19.31, valuing the club at nearly US$3.2bn (£1.9bn).

 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Man United owners to sell five per cent share in club for US$150m...
25 Apr 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

31 Jul 2014

Man United owners to sell five per cent share in club for US$150m
BY Tom Walker

The Glazer family took over the club in 2005

The Glazer family took over the club in 2005

Six children of the late billionaire Malcolm Glazer are expected to make around US$150m (£89m) by selling a five per cent stake in Manchester United Football Club (MUFC).

Avram, Kevin, Bryan, Joel, Darcie and Edward – who took over their father's business interests when he passed away in May 2014 – will still own 80 per cent of MUFC after the sale.

The Glazer family bought the English Premier League club for US$1.34bn (£790m) in 2005.

It is believed that none of the money generated by the sale will be re-invested in the club.

MUFC was floated on the New York Stock Exchange in 2012 and the club’s shares are currently priced $19.31, valuing the club at nearly US$3.2bn (£1.9bn).




Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh   25 Apr 2024

Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro .... more>>
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
US spa industry hits record-breaking US$21.3 billion in revenue in 2023   24 Apr 2024

The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in .... more>>
Immediate rewards can motivate people to exercise, finds new research
Immediate rewards can motivate people to exercise, finds new research   24 Apr 2024

Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new .... more>>
Shannon Malave appointed spa director at Mohonk Mountain House
Shannon Malave appointed spa director at Mohonk Mountain House   24 Apr 2024

Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant .... more>>
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture   23 Apr 2024

Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. .... more>>
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio   23 Apr 2024

With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan cities .... more>>
Company profile


IndigoFitness

We Create Training Spaces! We've been designing and delivering high quality training spaces for almost 30 years, offering expert advice on everything from flooring types, to equipment mix, to the best utilisation of space.

View full profile>>

Catalogue gallery


Featured Supplier

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Discover how to prepare your spa or wellness facility for the influx of international guests and meet global standards as tourism in Saudi Arabia surges. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Fitness Motivator and Personal Trainer
Location: Market Rasen
Company: Everyone Active
Recreation Assistant (Dry Site)
Salary: Competitive
Location: Market Rasen
Company: Everyone Active
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
Diary dates
Powered by leisurediary.com




23-25 Apr 2024

ISPA Conference 2024

Phoenix Convention Center, Phoenix, United States







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd