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 .
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. The news comes after Man Utd announced its first fall in revenue for a decade and revealed that Chevrolet will not extend its shirt sponsorship. 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.