Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Edward Glazer, one of Malcolm Glazer's six children, has put three million shares in Manchester United up for sale, little more than six months after his father's death, and stands to recoup in the region of 45million US dollars (£28.7million).
Malcolm Glazer took ownership of United in May 2005, but his death in May this year saw his children take an equal split of shares.
A statement released by the Barclays Premier League club and the New York Stock Exchange - where 10 per cent of United's shares are listed - announced the offer of "Class A Ordinary Shares".
It means Edward Glazer, who serves as co-chairman of Tampa Bay Buccaneers and is co-president of the Glazer Family Foundation, is to receive a windfall from the sale, which could be concluded this week.
The statement read: "Manchester United plc today announced the offering of 3,000,000 of its Class A Ordinary Shares by the Edward S. Glazer Irrevocable Exempt Trust (the 'Selling Shareholder').
"The underwriter will have an option to purchase up to an additional 450,000 Class A Ordinary Shares from the Selling Shareholder.
"Manchester United will not receive any proceeds from the sale of any Class A Ordinary Shares by the Selling Shareholder. The offering is expected to close on December 12, 2014, subject to customary closing conditions."
PA
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments