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Manchester United: Tampa Bay's Malcolm Glazer buys Manchester United

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posted on May, 23 2005 @ 04:24 PM
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Malcolm Glazer's formal offer document for Manchester United has revealed that massive interest rates will increase the huge debt at the club.

The opposition to Glazer's takeover from United's fans has focused on the amount of debt that he will run up in buying a controlling stake in the club.

The 76-year-old is due to take the club into private ownership next month but he will run up huge debts in buying The Red Devils.


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TRD

posted on Jun, 4 2005 @ 10:16 AM
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football club formed by disenchanted Manchester United supporters following Malcolm Glazer's takeover say they are considering two offers for ground-sharing arrangements. FC United hope to be fully functional by the beginning of the 2005-06 season and are currently talking to officials from various leagues in the north west.

A spokesman said an outcome on this matter was "imminent".

A steering group has been set up and a full business plan is being created which will be forwarded to the Football Association. Fans are continuing their vigorous anti-Glazer campaign and the spokesman added: "FC United will exist for disenfranchised Manchester United supporters."

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posted on Jun, 5 2005 @ 07:37 AM
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So they aren't even giving him a chance to prove that he can run the team? Impatient bastards.



posted on Jun, 5 2005 @ 09:30 AM
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yer, it does sound over the top and whos going to play for them? the reaction they are doing these fans, you would think there is something sinister in it.

it might sound good, give it a few years, if even a year, and this team will go down the drains unless there is huge major investment in it.



posted on Jun, 7 2005 @ 02:07 PM
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Manchester United has announced the appointment of Malcolm Glazer's sons Joel, Avram and Bryan as new non-executive directors of the club.

The announcement came as chairman Sir Roy Gardner said that he stood down from his post on 6 June.

Non-executive directors Ian Much and Jim O'Neill have also both resigned.


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TRD

posted on Jun, 7 2005 @ 02:12 PM
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I think people are going a bit too far, wait and see how it pans out..



posted on Jun, 7 2005 @ 02:37 PM
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yip. he aint going to bring his family into the business if hes going to screw it for profit cos then hes screwing himseff

i bet the guys in machester who are against him though are going livid


TRD

posted on Jun, 10 2005 @ 12:57 PM
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Manchester United supporters are facing the likelihood of a huge increase in ticket prices under new owner Malcolm Glazer. According to The Times, Glazer is planning to raise the price of Old Trafford tickets by 54 percent within the next five years.

The newspaper made the claims after suggesting it viewed 'previously unseen documents' on Glazer's five-year vision for The Red Devils. The report also suggests that UEFA Champions League ticket prices will increase by 25 percent from next year

Red Devils boss Sir Alex Ferguson will also be limited to a player spending budget of 25 million per season - excluding receipts from player sales - while an added 25 million will also be available to spend over the five-year period. Glazer's reported five-year plan includes the new owner's desire to increase the club's revenues by 52 percent from 161.5 million this year to 245.6 million by 2010.

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TRD

posted on Jun, 14 2005 @ 11:07 AM
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Malcolm Glazer now owns 97.3 percent of Manchester United after the deadline for minority shareholders to sell their stake to the American tycoon expired on Monday. The Tampa Bay Buccaneers owner has allowed the minority of shareholders, who have retained their interest in the Old Trafford club, until June 27 to accept his offer of 300p per share.

It is understood that Glazer wanted at least 97.5 percent control of the club by Monday so he was just short of this target. Despite angry protests from supporters, and fears of sharp increases in ticket prices, the Florida-based businessman has managed to gain control of one of the biggest football clubs in the world.

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TRD

posted on Jun, 28 2005 @ 10:43 AM
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Malcolm Glazer has increased his stake in Manchester United to 98 percent.

The American tycoon has now passed the threshold required to force a compulsory purchase of the remaining five million shares not already under his control. Glazer, through his bid vehicle Red Football Ltd, won control of the club last month with a cash bid at 300 pence per share which valued the 15-times champions at 796 million. The New York-born businessman is keen to own all of The Red Devils and the offer for the outstanding shares remains

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