Connect with us

Headlines

Manchester United latest: Fans allowed to own meaningful shares in club

Manchester United latest: Fans allowed to own meaningful shares in club

A fan share programme intended to give supporters sway over the club’s management is thought to have been approved by Manchester United.

Following the European Super League scandal over a year ago, co-chairman Joel Glazer first pledged to engage in discussions with supporters regarding owning shares in the club, with the protests that broke out over the unsuccessful breakaway attempt calling for change in the way United does things.

As of April of this year, negotiations had failed to reach a consensus. However, the Guardian has now revealed a development regarding the agreement that was put to the Manchester United Supporters Trust’s members in a vote on Tuesday.

The fan share program’s most important feature is that the shares issued to participants would be new Class B shares, the same class of shares that the Glazer family currently holds. The voting power of Class B shares is 10 times greater than that of the majority of shareholders’ Class A Ordinary shares.

Co-chairman Avram Glazer sold more than £70 million worth of Class A Ordinary shares in 2021, reducing his personal stake in the club by approximately 10%. Just under 75% of United is owned by the Glazer family overall.

Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram
She Has Been Beautiful from Day One": Mixed Reactions Trail Throwback Photos of Gospel Singer Mercy Chinwo
Entertainment1 day ago

She Has Been Beautiful from Day One”: Mixed Reactions Trail Throwback Photos of Gospel Singer Mercy Chinwo

Dollar Bills Rain Heavily As Mercy Chinwo, Hubby Scatter the Dance Floor at Wedding Reception, Videos Emerge
Entertainment2 days ago

Dollar Bills Rain Heavily As Mercy Chinwo, Hubby Scatter the Dance Floor at Wedding Reception, Videos Emerge

Guests Scream in Church As Mercy Chinwo and Hubby Kiss During White Wedding, First Videos Hit Social Media
Entertainment2 days ago

Guests Scream in Church As Mercy Chinwo and Hubby Kiss During White Wedding, First Videos Hit Social Media

Photos as the Youngest King in Nigeria Graduates from Secondary School, Pens Touching Post
GIST1 day ago

Photos as the Youngest King in Nigeria Graduates from Secondary School, Pens Touching Post

Nigerian Lady Loses Interest In A Man After Seeing The Phone He Uses, Videos Him
GIST2 days ago

Nigerian Lady Loses Interest In A Man After Seeing The Phone He Uses, Videos Him

Young Lady Relocates to Dubai to Become House Girl, Replies Those Making Fun of Her Move
BBNaija 20222 days ago

Young Lady Relocates to Dubai to Become House Girl, Replies Those Making Fun of Her Move

“Humble Soul”: Video Trends As Davido Allows Young Fan Touch His Diamond Necklace After He Asked Nicely
Entertainment2 days ago

“Humble Soul”: Video Trends As Davido Allows Young Fan Touch His Diamond Necklace After He Asked Nicely

Erik ten Hag
SPORT NEWS2 days ago

EPL: United manager, Erik ten Hag blames Ronaldo, others for defeat to Brentford

I Waited To Get My Money Right”: Timaya Brags, Shares Rare Throwback Photo of Himself When He Was Struggling
Entertainment2 days ago

I Waited To Get My Money Right”: Timaya Brags, Shares Rare Throwback Photo of Himself When He Was Struggling

Entertainment10 hours ago

4 Nigerian celebrities who graduated with first-class degrees

Mercy Johnson Switches Dramatically From Old Woman With Walking Stick to Young Lady on TikTok Challenge
Entertainment1 day ago

Mercy Johnson Switches Dramatically From Old Woman With Walking Stick to Young Lady on TikTok Challenge

BBNaija: Official Photos Show Hot Moments From Saturday Party, Housemates Kiss, Flaunt Assets in Ankara Styles
BBNaija 20221 day ago

BBNaija: Official Photos Show Hot Moments From Saturday Party, Housemates Kiss, Flaunt Assets in Ankara Styles

Headlines2 days ago

We will retire all of you come 2023 – Peter PSquare tells Atiku’s spokesman, Dino Melaye

Cristiano Ronaldo
SPORT NEWS2 days ago

Brentford 4-0 Man Utd: Ronaldo fails to save Red Devils from ruthless Bees

BBNaija 20221 day ago

BBNaija S7: Everyone is searching for Tacha in ‘Level up’ housemates – Ex-reality star brags

Trending