Manchester United's owners confirmed they have put another 9.5m shares in the club up for sale, with a value of $186.86m (£137.12m).
United notified the New York Stock Exchange of the sale on Tuesday evening, in the names of club directors Kevin Glazer and Edward Glazer.
The Glazer family will receive all of the money raised by the sale of shares with none of it going directly back to the club.
This latest sale is worth roughly eight per cent of the Glazer's family's total combined ownership of the club, which now stands at 69 per cent.
United's latest shares sale comes following a pledge by co-chairman Joel Glazer earlier in the year who promised the family would divest itself of some shares and offer them for wider sale following protests over the club’s involvement in the failed European Super League.
An official club statement on Tuesday evening confirmed the news: "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 conditions. The Class A Ordinary Shares are listed on the New York Stock Exchange (the “NYSE”) under the symbol “MANU.”
