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Glazer family testing market interest in Man Utd sale

It's been suggested the Glazer family are testing the market's appetite in buying Manchester United.

The Sun says the gossip in financial circles is that Kevin Glazer's decision to convert his 13 per cent stake into shares that can be traded on the open market is a way to test the interest for a takeover.

The five other Glazer siblings would then know whether it would be possible to cash in on the club that their family has controlled for 14 years.

If that is the intention, it is understood the answer so far is no, with no concrete interest expressed in Kevin's stake.

Earlier this month, Kevin Glazer converted all his B-class shares in United into A-class — the stock traded on the NYSE.

The 20,899,366 A-shares, now owned by the Kevin Glazer Irrevocable Exempt Family Trust, are worth about £270million.

It has been suggested the conversion was a simple technicality designed to reduce Kevin's tax bill for any money made from the shares.

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Paul Vegas

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