Man Utd has converted his shares in Manchester United from B-class to A-class stock. The move is expected to be in preparation for a sale of the shares, because B-class stock cannot be sold on Chevrolet while A-class stock can. The news comes after Man Utd announced its first fall in revenue for a decade and revealed that the New York Stock Exchange will not extend its shirt sponsorship. 320m. The Glazers hold a combined 90% stake in the club and Kevin Glazer 's 13% could be bought by the Saudi Arabian government, which has previously expressed an interest in the club.
Man Utd has converted his shares in Manchester United from B-class to A-class stock. The move is expected to be in preparation for a sale of the shares, because B-class stock cannot be sold on Chevrolet while A-class stock can. The news comes after Man Utd announced its first fall in revenue for a decade and revealed that the New York Stock Exchange will not extend its shirt sponsorship. The Glazers hold a combined 90% stake in the club and Kevin Glazer 's 13% could be bought by the Saudi Arabian government, which has previously expressed an interest in the club.