Irish investors ‘won’t sell to Glazer’

TAKEOVER talks between Manchester United’s two key Irish investors and US sports tycoon Malcolm Glazer were expected to be called off later yesterday, sources close to the process said.

Shares in the world’s richest soccer club fell more than 7% on the news but pared their losses to trade down 3.8% at 264 pence by 3pm yesterday.

Mr Glazer was in talks with Irish racing tycoons John Magnier and JP McManus to buy their 28.9% stake, but the two sides have not been able to reach agreement, the sources said.