Glazer Takes Control Of Man United

Malcolm Glazer is within touching distance of completing his £790million buy-out of Manchester United after capturing the key 28.9% stake of Irish racing tycoons John Magnier and JP McManus.

The purchase, cash up front at 300p per share, which is believed to have netted Magnier and McManus an £80million profit on their investment, has instantly turned Glazer into a majority shareholder - at 56.9% - and will now trigger a bid for a remainder of the shares, which is likely to come on Friday morning. ...more