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Malcolm Glazer takes control of Man Utd
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@ 16-05-2005 12:55 chloya | 18,104 posts
| MALCOLM Glazer has broken the crucial 75 per cent barrier which will allow the sports tycoon to take Manchester United off the Stock Exchange.
Sources close to the American's camp have confirmed he has increased his stake from the 74.81 per cent he held on Friday evening.
Precise confirmation of his exact shareholding will not be made until later this afternoon after the stock market has closed.
Leading brokers Teather and Greenwood are continuing to purchase stock on behalf of the Tampa Bay Buccaneers owner and the race is on to reach the 90 per cent mark that would force a compulsory purchase of the remaining shares.
The American business tycoon has already pledged to delist United ‘not less than 20 days’ after he reached the 75 per cent mark.
Glazer is expected to outline his plans in an official offer document to be released on Wednesday.
Angry United fans, who have campaigned so vigorously against Glazer over the past few months, have been fighting a losing battle since Thursday, when it was confirmed Glazer had snared the 28.9 per cent stake of Irish racing duo John Magnier and JP McManus.
So far, the American has failed to make any public statement over his business plan, which Red Devils chief executive David Gill has consistently described as ‘aggressive’.
What are your thoughts on this, footie fans? |
| Showing posts 1-8 of 8 | Page 1 of 1 |
| Discussion |
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 0  @ 16-05-2005 14:32 Demonwarrior666 | 259 posts
| u have to wait and see what he does with the club before u pass judgement
| | 0 @ 16-05-2005 14:33 DannyB | 14,044 posts
| Goodbye United | | 0 @ 16-05-2005 14:46 danastasia | 19,282 posts
| Oh yes  | | 0 @ 16-05-2005 14:46 slim_gary | 7,286 posts
| awww shame!!! i feel soooo sorry for them!!!!! 
spurs rock!!!! dont deny it!!!!  | | 0 @ 16-05-2005 14:47 DannyB | 14,044 posts
| Danny, how did Aston Villa do yesterday?  | | 0 @ 16-05-2005 15:38 jamesey | 11,431 posts
| bye bye man u     | | 0 @ 16-05-2005 15:40 eire_05 | 30 posts
| Have to see what he does now he has the 75% hope its not goodbye man u  | | 0 @ 16-05-2005 19:21 Fletcher24 | 234 posts
| everyone knows the guy is only here to make money and he knows the only way he is going to do that is with a successful club so all this bye bye man utd stuff is rubbish, as is all this nonsence that all our players will be sold, the fact that giggsy and howard signed new deals today is testament to that. "we'll never die, we'll never die, we'll never die, we'll never die, we'll keep the red flag flying high, cos man utd will never die!" |
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