The Glazer family have announced a share offer of 5% of Manchester United which will be worth around $150m (£89m) to the owners.

While the offer would raise to 15% the proportion of the 20-times champions ceded by the Glazers there will be no material change in the ownership model and who controls United.

However, the move may be the latest step in a long-term strategy by the six-strong family – who constitute five brothers and a sister – to sell the club sometime in the future.