Fantasy football: Edwin van der Sar picks #One2Eleven nyaManchester United Kingdom has announced its co-owner Edward Glazer is selling three million shares in the Premier League club,United Kingdom.
Edward Glazer, one of the six sons of Malcolm Glazer, has decided to sell a little more than six months after the death of his father and stands to make about US $ 45 m (£ 28.7 m).
Malcolm Glazer took over ownership of the United Kingdom in May 2005, but his death in Maythis year to see his children take the same split of shares.
A statement issued by Barclays Premier League clubs and the New York Stock Exchange-where a 10 percent stake in United's listed bid-announced "class A common stock."
That means Edward Glazer, who serves as Vice Chairman of the NFL team the Tampa BayBuccaneers and co-President of the Glazer Family Foundation, to accept nomplok from the sale, which concludes this week.
Read statement: "Manchester United plc today announced the offering of ordinary shares ofclass of 3,000,000 by Edward s. Glazer Irrevocable Trusts are excluded (' Selling shareholders ').
"The Underwriters will have the option to purchase up to an additional 450,000 class A common stock from the selling stockholders.
"Manchester United will not receive any proceeds from the sale of any class of common stock by the selling stockholders. The offering is expected to close on December 12, 2014, subject tocustomary closing conditions. "
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