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Newz Forum: SOCCER: Glazer increases stake in Manchester United

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posted on Feb, 12 2004 @ 09:08 AM
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Billionaire American businessman Malcolm Glazer has increased his stake in Manchester United less than 24 hours after John Magnier and JP McManus did the same thing, fuelling rumours of a takeover war between the two camps.
 

Mr Glazer, who owns American football team the Tampa Bay Buccaneers, previously held a 14.31% stake in the English Premiership club.The move represents a purchase of 5.4 million Manchester United shares. While Mr Glazer's decision to raise his holding in Manchester United is expected to fuel rumours of a possible takeover bid, he has not, as yet, asked for a seat on the board at Old Trafford.

Irish businessmen John Magnier and JP McManus latest purchase means that their investment company, Cubic Expression, now holds 28.89% of the shares in the English Premiership club.



Sir

posted on Feb, 12 2004 @ 11:36 AM
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I don't know what they are playing at,they must be taking over the club between them.They own nearly half of it between all three of them.



 
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