Good! I wonder what the Man Utd fans who hounded JP & Magnier because of the spat they had with Fergie are doing now, choking on there own vomit, slitting the writs? JP & Magnier owe Man Utd fans nothing after the way were tret by them
united were only against magnier and mcmanus because of the threat they would take over united and axe fergie etc the fans have the clubs best interests at heart it can still be blocked byt he board or shareholders united so we just gotta hope
US sports tycoon Malcolm Glazer has launched a £790m formal takeover bid for Manchester United. The American has secured the 28.7% stake of Irish racing tycoons JP MacManus and John Magnier, giving him a 59% stake in the Premiership club. Red Football Ltd, acting on behalf of Mr Glazer, said the Irishmen had sold their stakes for 300p a share. The bid comes five days ahead of the 17 May deadline for which Mr Glazer had to make known whether he planned to bid. Mr Glazer is now 16% short of the 75% of shares he needs for the offer to go unconditional. If he gets 75% plus one share, the club could be delisted from the stock exchange and Mr Glazer could transfer his debt onto the club. If he can get to 90% plus one share, he can make a compulsory purchase and scoop up the other 10% of the club's shares. Shares in Manchester United rallied 34.25 pence, or 12.9%, at 299.25p shortly after the announcement. "A further announcement containing more detailed terms of the offer will be made shortly," Red Football said in a statement.
