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07/06/2005
Glazer’s sons take positions on Man Utd board
Malcolm Glazer’s three sons have been appointed posts on the board of Manchester United football club.
It was announced that Joel, Avram and Bryan Glazer would take up posts as non-executive directors on the board, as the non-executive chairman Sir Roy Gardener confirmed that he would be resigning from his post.
Joel and Bryan Glazer are both executive vice-presidents of US football team, the Tampa Bay Buccaneers, which is also owned by Malcolm Glazer. Both are said to have “extensive sports management experience”. Avram Glazer is the president and chief executive of the Zapata Corporation.
It has been reported that Joel will be Mr Glazer’s main representative on the football club’s board.
The Glazer family now almost totally control Manchester United, after Mr Glazer increased his shares in the club last month, acquiring over 75%. They will confirm their exact share of the club on Monday, when all replies from shareholders to their offer of £3 per share will have been received.
The American billionaire’s takeover of the Premiership club has angered many supporters.
It was also announced today that Jim O’Neill and Ian Mutch, two other non-executive directors on the Manchester United board have also resigned from their posts. However, the club’s commercial director, Andy Anson, has been reinstated, after Mr Glazer voted him off the board at the annual meeting last year.
David Gill will be staying on in the post of Chief Executive. Manchester United manager Sir Alex Ferguson has already said that he would be staying with the club.
(KMcA/SP)
It was announced that Joel, Avram and Bryan Glazer would take up posts as non-executive directors on the board, as the non-executive chairman Sir Roy Gardener confirmed that he would be resigning from his post.
Joel and Bryan Glazer are both executive vice-presidents of US football team, the Tampa Bay Buccaneers, which is also owned by Malcolm Glazer. Both are said to have “extensive sports management experience”. Avram Glazer is the president and chief executive of the Zapata Corporation.
It has been reported that Joel will be Mr Glazer’s main representative on the football club’s board.
The Glazer family now almost totally control Manchester United, after Mr Glazer increased his shares in the club last month, acquiring over 75%. They will confirm their exact share of the club on Monday, when all replies from shareholders to their offer of £3 per share will have been received.
The American billionaire’s takeover of the Premiership club has angered many supporters.
It was also announced today that Jim O’Neill and Ian Mutch, two other non-executive directors on the Manchester United board have also resigned from their posts. However, the club’s commercial director, Andy Anson, has been reinstated, after Mr Glazer voted him off the board at the annual meeting last year.
David Gill will be staying on in the post of Chief Executive. Manchester United manager Sir Alex Ferguson has already said that he would be staying with the club.
(KMcA/SP)
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13 May 2005
US tycoon’s bid secures control of Man United
A £790 million takeover bid has given control of Manchester United to US sports tycoon Malcolm Glazer. Glazer’s stockholding company Red Football Limited has secured the 28.7% stake held by Cubic Expression Company Limited which represents the interests of Irish tycoons JP MacManus and John Magnier. The bid will give Mr Glazer a 56.
US tycoon’s bid secures control of Man United
A £790 million takeover bid has given control of Manchester United to US sports tycoon Malcolm Glazer. Glazer’s stockholding company Red Football Limited has secured the 28.7% stake held by Cubic Expression Company Limited which represents the interests of Irish tycoons JP MacManus and John Magnier. The bid will give Mr Glazer a 56.
25 October 2004
Man Utd 'terminate' talks with US tycoon
Manchester United has terminated talks with Malcolm Glazer after the US billionaire upped his stake in the club last week. In a statement, the board said that it regarded Mr Glazer's position to be "overly leveraged" – or too dependent on borrowed money – and so it was "not in the best interests of the company" to continue talks.
Man Utd 'terminate' talks with US tycoon
Manchester United has terminated talks with Malcolm Glazer after the US billionaire upped his stake in the club last week. In a statement, the board said that it regarded Mr Glazer's position to be "overly leveraged" – or too dependent on borrowed money – and so it was "not in the best interests of the company" to continue talks.
30 June 2005
Glazers return to Old Trafford
Malcolm Glazer’s three sons have reportedly returned to Old Trafford, a day after they were forced to leave in a police van, following protests by angry Manchester United fans. Joel, Avi and Bryan, were reported to have continued their first tour of the ground today and met with Sir Bobby Charlton.
Glazers return to Old Trafford
Malcolm Glazer’s three sons have reportedly returned to Old Trafford, a day after they were forced to leave in a police van, following protests by angry Manchester United fans. Joel, Avi and Bryan, were reported to have continued their first tour of the ground today and met with Sir Bobby Charlton.
28 June 2005
Glazer gains 98% of Manchester United shares
American tycoon Malcolm Glazer has confirmed that he has acquired 98% of shares in Premiership football club Manchester United. Mr Glazer needed to have 97.6% ownership of the club in order to be able to force the remaining shareholders to sell their shares to him. He will now be able to force a compulsory buyout of the remaining shareholders.
Glazer gains 98% of Manchester United shares
American tycoon Malcolm Glazer has confirmed that he has acquired 98% of shares in Premiership football club Manchester United. Mr Glazer needed to have 97.6% ownership of the club in order to be able to force the remaining shareholders to sell their shares to him. He will now be able to force a compulsory buyout of the remaining shareholders.
16 May 2005
Glazer secures control of Manchester United
US sports tycoon Malcolm Glazer has secured sufficient shares in Manchester United to give him control of the club.
Glazer secures control of Manchester United
US sports tycoon Malcolm Glazer has secured sufficient shares in Manchester United to give him control of the club.
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