A class shares amount to 20,2899,366 in the Kevin Glazer Irrevocable Exempt Family Trust and another 3,765,392 through KEGT Holdings, with the total value around £ Kevin Glazer 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 the New York Stock Exchange while A-class stock can. Glazer's stake was worth £2.3bn at the time he made the switch, but it now stands at £1.1bn. The Glazers hold a combined 90% stake in the club and Kevin's 13% could be bought by the Saudi Arabian government, which has previously expressed an interest in the club.
Kevin Glazer 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 the New York Stock Exchange while A-class stock can. Glazer's stake was worth £2.3bn at the time he made the switch, but it now stands at £1.1bn. The Glazers hold a combined 90% stake in the club and Kevin's 13% could be bought by the Saudi Arabian government, which has previously expressed an interest in the club.