Avram Glazer, a part owner of Manchester United and a member of the Glazer family who retain a majority stake in the club, has failed in a bid to become the controlling shareholder of NWSL side Angel City.
Sources familiar with the discussions, who would not speak publicly owing to the sensitivity of the talks, confirmed that Glazer had pursued a stake in Angel City.
He has missed out, however, to the Disney CEO Bob Iger and his wife Willow Bay, who are now close to purchasing control of Angel City FC. Semafor first reported news of Glazer’s interest.
Glazer had recently profited after the six Glazer siblings diluted their shareholding equally when they sanctioned the sale of 25 per cent of the club to Sir Jim Ratcliffe over the past year. A filing with the Securities and Exchanges Commission (SEC) confirmed they each sold approximately 4.6 million Class B share and at a trading price of $33 per share, that amounted to $909million in total — or around $152m in each of the Glazer’s pockets.
The Glazers are already the owners of the NFL franchise the Tampa Bay Bucaneers while Avram Glazer also owns the Desert Vipers, a franchise in the International League T20 competition in the United Arab Emirates.
Moelis, the investment bank, were hired to find a controlling investor and…
