Glazer set to swoop in with second Man United takeover bid

MALCOLM GLAZER has once again approached Manchester United about a possible takeover bid.

The US businessman’s representatives met with the club’s chief executive David Gill last week following a breakdown in discussions between the two sides in November when Mr Glazer used his 28% in United to vote three directors off the board.

Mr Glazer’s first offer for the club, pitched at about 300p per share, was contingent on heavy borrowing against United’s assets, mainly the Old Trafford stadium. But reports yesterday suggest that a new potential bid would include less debt.