Glazer clinches full control of Man Utd
Posted in News on Monday May 16th, 2005 10:43am
All over:
LONDON (Reuters) - U.S. financier Malcolm Glazer seized full control of Manchester United on Monday, raising his stake in the club to just over 75 percent as part of a 790 million pound takeover, a source close to the matter said on Monday.
At that level Glazer can now delist Manchester United Plc (MNU.L: Quote, Profile, Research) from the London Stock Exchange and implement new plans for the club without having to seek approval from other shareholders.
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