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Glazer Buys Out Irish Tycoons & Launches Formal Man Utd Takeover

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Adam Donnelly:

--- Quote from: Mac 10 on May 12, 2005, 01:43:50 PM ---
fingers crossed  ;D

--- End quote ---

 ;D Nice 1

Mac 10 †:
Malcolm Glazer has taken another major step towards taking overall control of Manchester United by buying more shares from Harry Dobson.

The American tycoon followed up his buy-out of Irish duo J.P.McManus and John Magnier's Cubic Expression vehicle by splashing out on the 17 million shares owned by Dobson's Mountbarrow Investments Ltd.

With Dobson selling his 6.45 percent stake in The Red Devils, it is surely only a matter of time before Glazer has the 75 percent total that rubber-stamps his takeover and takes the company private.

After taking control earlier on Thursday, the American has paid 300p per share to Dobson, according to a statement released on the Regulatory News Service.

The developments mean he owns a definite 63.25 percent of United, although reports are suggesting that the actual figure could now be nudging 70 percent.

Some sources are indicating that the 75 percent threshold could even be breached within 24 hours, although it may take a little longer before the Tampa Bay Buccaneers owner gets his way.

Glazer has overall control, in any case, and could make sweeping changes within 60 days - including alterations to the current board.
United supporters are planning to protest at Old Trafford on Thursday evening as they continue to fight the takeover.

Adam Donnelly:
lol A load of Rags are on the phone in Radio wanting Mick Hucknal and wait for it
Ealmon Holmes to buy a load of shares to try and stop him  ;D

Thick fuckers

Jome:

Don Seer:
lol


man.......

it'll be interesting to see how this turns out..

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