Man United shares rise on Glazer’s €1bn takeover talk

Shares of Manchester United rose more than 4% yesterday after US financier Malcolm Glazer told the world’s richest football club he was planning an £800 million (€1.16 billion) takeover offer.

Glazer, who has had two previous offers for the club rebuffed, met United chief executive David Gill last week in Tampa, Florida, a source familiar with the situation said on Sunday.

The billionaire owner of the Tampa Bay Buccaneers American football team, said the new offer would consist of more cash and less debt than his previous proposal, the source said.