Glazer hits back, boots out three United directors
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Manchester United were plunged into civil war when renegade shareholder Malcolm Glazer used his Â£205 million stake in the club to force out three directors as revenge for the boardâs rejection of his takeover bid last month.
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The American tycoon Malcolm Glazer is preparing a Â£780m hostile bid for Manchester United after dramatically forcing three of the club&#39;s directors off the board.
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Malcolm Glazer&#39;s bid for Manchester United isn&#39;t over, despite being turned away by the British soccer club&#39;s board of directors over concerns that his proposed buyout requires too much debt.
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The American billionaire used his 28.1 per cent stake to block the re-election of three directors at an AGM three days ago. It is seen as an act of revenge after the board called off takeover talks last month.
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Thousands of Manchester United fans protest against US sports tycoon Malcolm Glazer's plans to take over the club.
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Malcolm Glazer, the US sports tycoon trying to buy Manchester United, has begun talks with the club&#39;s biggest shareholder and plans to tell investors that the club&#39;s performance
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It follows a dramatic series of events yesterday (Friday) which began with him wielding his power to oust three directors from Old Trafford.
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LONDON: Supporters of English Premiership football club Manchester United expressed concern yesterday at the news that US sports tycoon Malcolm Glazer has raised his stake in the club from 19% to more than 25%.
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MANCHESTER, 4 Oct -- Manchester United has been targeted for a takeover by Malcolm Glazer, the owner of the Tampa Bay Buccaneers, to an angry reaction from its fans.
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The board of Manchester United was last night accused of &quot;abdicating its fiduciary duty&quot; to shareholders by calling a halt to takeover talks with the American businessman Malcolm Glazer.
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The bank and public relations firm advising US tycoon Malcolm Glazer on his attempt to acquire Manchester United dropped him as a client on Friday, hours after he ousted three of the English soccer giant&#39;s directors, sources close to the situation said.
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Manchester United chief executive David Gill will head into the clubâs annual general meeting tomorrow fearing the possibility of another confrontation with Malcolm Glazer.
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London - US sports tycoon Malcolm Glazer was trying to win over Manchester United&#39;s two key Irish shareholders in his bid to buy the English soccer club, but had not yet entered serious talks with them, sources familiar with the situation said yesterday.
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We sent Murdoch packing and gave Magnier and McManus a bloody nose. If Glazer wants a fight, we will give him one.&quot;. That was the reaction of Jules Spencer, chairman of the Independent Manchester
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Manchester United supporters have reacted angrily to news that the club could be bought out by Malcolm Glazer. The club confirmed on Monday it had received a takeover approach, thought to be from the American businessman.
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Tampa Bay Buccaneers owner Malcolm Glazer escalated the battle for control of Manchester United on Friday by voting three members off the board.
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Malcolm Glazer, the American business mogul and owner of the Tampa Bay Buccaneers, is preparing a fresh assault on Manchester United having informally approached the board of the Premiership football club last week.