Manchester United shares surge as Glazer prepares to sell to Apollo

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Manchester United shares rose after the close on Wednesday after the Glazer family negotiated a sale to U.S. equity firm Apollo.

         The owners of Manchester United came under heavy criticism again. After their side were thrash 4-0 in the Premier League this weekend. The team lost the first two ufabet games in the league of this season.

         However, after Wednesday’s close, Manchester United’s shares closed at $13.69, up 7.1 percent. After Glazer reportedly enter special talks on a stake to sell to United Arab Emirates. Apollo

         Still, reports say the deal is a minority sale only. And decision-making remains in the hands of Joel and Avram, who retain a majority stake.

         for the Glazer family It bought United shares in 2003 before becoming a major shareholder in 2005.

After first purchasing shares in the Red Devils in 2003, the Glazer family became the majority shareholders of the club in 2005.

It is understood Apollo may bring in other investors as part of any deal. 

However, the consortium is not expect to include bidders who missed out on the recent sale of Chelsea, such as Britain’s richest man, Sir Jim Ratcliffe.

A spokesperson for Ratcliffe claimed on Wednesday the 69-year-old. Would be interest in buying United if the club were put up for sale.