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Florentino Perez Ariel Investments USA Chicago Manchester president Company Florentino Perez Ariel Investments USA Chicago Manchester

The Glazers sell Manchester United shares worth $100m to investment company

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Get the United transfer latest, team news, match updates and analysis delivered straight to your inbox every day for free American owners The Glazers have cashed in on five million Manchester United shares worth $100million (£73m).

Ariel Investments, a Chicago-based investment firm founded in 1983, have bought five million Class A shares via the stock market - and not from the Glazers directly.

The Glazers have been widely criticised throughout their 18-year tenure at Old Trafford. However, that resentment hit fever pitch in April when it was announced United were one of 12 initial signatories for a controversial European Super League (ESL) reform proposal which was spearheaded by Real Madrid president Florentino Perez.

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