Glazer rules out United takeover bid

MANCHESTER United’s second largest shareholder Malcolm Glazer said yesterday he will not launch a bid for the club.

Mr Glazer, who is the second largest shareholder after Irishmen JP McManus and John Magnier, had said earlier this year he was considering an outright takeover of United, but has now told the board he is no longer interested.

There was some speculation the price of the club was probably too high for him and that a bid would have to be pitched at a serious premium to get Mr Magnier and Mr McManus to accept.