Glazer accuses United board of failing its shareholders
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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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Malcolm Glazer&#39;s bid for Manchester United is dead in the water after major shareholders John Magnier and JP McManus told the American there was no basis for a deal.
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Malcolm Glazer spent about 66 million pounds ($81.1 million) since Friday raising his stake in Manchester United Plc to 28.11 percent, indicating he still wants control of the world&#39;s biggest soccer club by revenue.
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Manchester Unitedâs plc board of directors have called on potential owner Malcolm Glazer to prove he is serious about a takeover.
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SHARES in Manchester United will come under pressure after the apparent collapse of a controversial Â£780m bid by American sports mogul Malcolm Glazer.
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UNITED&#39;S plc board have told Malcolm Glazer to put his money where his mouth is. Representatives of the American tycoon are understood to have mooted an offer of 300p per share to the United board which now wants to know how he is going to pay for it.
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Three Manchester United directors lost their seats on the Old Trafford board tonight as Malcolm Glazer exacted revenge for his stalled takeover bid.
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Manchester United&#39;s board took the momentous decision yesterday to stand shoulder to shoulder with fans&#39; groups and reject the takeover proposals of American multi-millionaire
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The proposed takeover of Manchester United by the American billionaire Malcolm Glazer collapsed last night when it emerged that the club&#39;s major shareholder, John Magnier
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Manchester United fans have been urged to snap up shares in the club to scupper a projected takeover bid by American billionaire Malcolm Glazer.
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Premiership football club Manchester United was today facing the possibility of a fresh bid from US sports tycoon Malcolm Glazer. The Old Trafford-based club said the owner
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The Guardian says representatives of Glazer, who owns a 28% stake in the club, are believed to have met Manchester United&#39;s chief executive, David Gill, last week to say the American tycoon is considering submitting a fresh Â£800m offer.
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Manchester United's board are thought to be taking the latest proposal from US tycoon Malcolm Glazer more seriously, but fans are still opposed.
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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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Manchester United&#39;s share price has fallen dramatically amid rumours about the collapse of a deal between the club&#39;s prospective owner Malcolm Glazer and its major shareholders John Magnier and JP McManus.
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The board of English football giants Manchester United announced it had ended talks with US sports tycoon Malcolm Glazer, saying his takeover proposal risked leaving the club mired in debt.
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Takeover talks between two of Manchester United&#39;s biggest shareholders and Malcolm Glazer appear to have broken down. It is believed the US businessman has failed to reach a deal with John Magnier and JP McManus