Glazier launches take-over bid for Man Utd
Malcolm Glazer has launched a formal takeover bid for Manchester United
after buying the 28.7% stake of Irish racing tycoons JP McManus and John
Magnier (wonder how much did they make out of that - hope that have to pay capital gains).
Glazer has now launched an offer for the rest of the shares, valuing the club at £760million.
The purchase of the major shareholders' stake was Glazer's biggest obstacle
and with that out of the way, he is closer than ever to gaining control of
Old Trafford.