Glazer seizes control and aims for 90% ownership

Ian Guider

Mr Glazer, who held 74.8% of the club last week after buying the stake held by the Irish duo of JP McManus and John Magnier, bought more shares yesterday morning, pushing past the 75% level giving him complete control of United. It emerged last night that Mr Glazer holds 75.7% of United and is now free to have the club delisted from the London Stock Exchange.

This will allow him to lump the 780 million he is borrowing from a consortium of banks to pay for the takeover onto United’s books.