Manchester United’s American owners are set to earn about $72.89m (£56.04m) by selling more of their shares in the club on the New York Stock Exchange.
The sale, which equates to around two per cent of the club’s shares, is expected to conclude next Tuesday.
It will take the ratio of shares, which have limited voting rights, floated on the US Stock Market to just above 20%.
Manchester United will not receive any proceeds from the sale.
The value is based on Wednesday’s share price of $17.15 (£13.19).
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The Glazer family bought United for £790 million ($1.34bn) in 2005 after which the company was taken private again, before going public once more in August 2012, when they made an initial public offering on the New York Stock Exchange.
Shares were originally set to go on sale for between $16 and $20 each, but the price was cut to $14 by the launch of the IPO on 10 August, following negative comments from Wall Street analysts and Facebook’s disappointing stock market debut in May.
Even after the cut, Manchester United was valued at $2.3 billion, making it the most valuable football club in the world.
Manchester United is one of the most widely supported football clubs in the world, and has rivalries with Liverpool, Manchester City and Leeds United.
In 2012 the family sold 10% of their holding via a stock listing and have sold further shares in the following years.
