Sun: Kevin Glazer set to sell his stake in Man Utd

[alanjohnson]

You sure about that?

i hate every single thing about this guy. look at how fking annoying he looks there.

 

[Redjazz]

So in simple terms, as I've personally been able to grasp everything you just said here, is that the B shares haven't been converted but some loans may have been paid off that were put against these shares?

Thanks for the reply in advance.

Yep. The article, ensuing speculation, this thread, all based on an incorrect reading of a financial filing.
A quick scan on Edgar (Sec) would get you the details of the security interest from Kevin Glazer's previous filings (2017).
The fact that all 6 Glazers needed to take on individual loans on the day they removed their shares from Red football LLC does hint at a refinancing of a loan that resided in that company. Only K Glazer has signaled that his B shares are no longer being used as collateral.

 

[red thru&thru]

Yep. The article, ensuing speculation, this thread, all based on an incorrect reading of a financial filing.
A quick scan on Edgar (Sec) would get you the details of the security interest from Kevin Glazer's previous filings (2017).
The fact that all 6 Glazers needed to take on individual loans on the day they removed their shares from Red football LLC does hint at a refinancing of a loan that resided in that company. Only K Glazer has signaled that his B shares are no longer being used as collateral.

Brilliant, thank you for this. Still a bit weird that it's Kevin Glazer has done this and not one of the others, such as Avram or Joel, who are known to be the more hands of the siblings.