Kevin Glazer has made a move that makes selling his 13 per cent stake in Manchester United possible, with financial experts believing a sale is the only logical reason for his actions. One of the six Glazer brothers who own shares in the club, Kevin is the first to look to sell his stake, a move instigated by him converting his B class shares into A class stock. The Sun reports that he can only have done this in order to sell, as A class stocks are traded on the New York Stock Exchange, while B class cannot be – a move confirmed in documents filed at the USA’s Securities and Exchange Commission. Kevin’s 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 £320m. It is potentially destabilising news after the club announced they are set to suffer a fall in revenue for the first time in 10 years, and that shirt sponsor Chevrolet will not be extending their deal. However, while the other Glazer siblings have not made their intentions clear, they will actually gain more control of the club as a result of Kevin’s move. Class B shares are worth 10 votes, while A class shares are worth just one, meaning the rest of the Glazer clan have more influence as Kevin’s declines. The American siblings holds a combined 90% stake in the club after their father Malcolm died five years ago. Which party would purchase Kevin’s shares is as yet unknown, although the Saudi Arabian government expressed an interest in buying out the family earlier this year. The Glazers told the Saudis, at the time, that the club was not for sale, but they may return and bid for Kevin’s shares. MORE: Mohamed Salah injury update ahead of Manchester United clash MORE: Scott McTominay reveals he still talks to Jose Mourinho after Manchester United matches
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 can not be sold on the New York Stock Exchange while A - class stock can . The news comes after Man ##cini announced its first fall in revenue for a decade and revealed that Chevrolet will not renew its title sponsorship . The Americans hold a total 90 % stake in the club and Kevin 's 13 % could be purchased by the Saudi Arabian government , which has previously expressed an interest in the club .