Glazer reaches 98 per cent of Man Utd shares | Leisure Opportunities
Leaderboard
Job Search
see all jobs
Latest job opportunities
Xercise4Less
Self-employed
Nationwide, United Kingdom
Celtic Manor Resort
Competitive
Newport, United Kingdom
Legacy Leisure
Competitive
Nationwide, United Kingdom
Swimming Nature
Competitive
Various, United Kingdom
North Kesteven District Council
£38,237 - £40,057pa (+ 15% market supplement £43,972 - £46,065)
North Kesteven District, United Kingdom

Glazer reaches 98 per cent of Man Utd shares

Job opportunities
Coventry Sports Foundation
£9.00 per hour
location: Coventry, United Kingdom
training
The Gym Academy
location: Nationwide, United Kingdom
more jobs

American sports tycoon Malcolm Glazer has announced he now has enough shares to force remaining shareholders in Manchester Utd to sell their stock to him.

A statement released through Glazer’s bidding vehicle, Red Football, said that Glazer had reached the 98 per cent threshold that allows him to launch a compulsory buy-out of remaining shares.

Although the figures are somewhat academic – given that Glazer has already put his sons on the board and last week de-listed the company – Red Football added that Glazer’s existing offer for remaining shares, worth around £15m, would stand for the time being.

Opposition groups, led by Shareholders Utd, are maintaining their challenge to the takeover and have written to the Office of Fair Trading objecting to the Glazers’ business plan, which includes substantial increases in ticket prices.

Sign up for FREE ezines & magazines
American sports tycoon Malcolm Glazer has announced he now has enough shares to force remaining shareholders in Manchester Utd to sell their stock to him.
SAR
010305-man-utd.jpg
employer of choice
John Treharne, CEO, The Gym Group
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery.