Irish duo net €130m in United share sell-off

RACING tycoons John Magnier and JP McManus were €130 million richer last night after selling their shares in Manchester United to US billionaire Malcolm Glazer.

Irish duo net €130m in United share sell-off
Fri, 13 May, 2005 - 01:00
Ian Guider

The deal means Mr Glazer is certain to seize control of United, despite opposition from management and fans.

Mr Glazer struck a deal to buy the 28.7% stake held by Mr Magnier and Mr McManus yesterday morning, offering them 440 cents for every share they own.

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CourtsPlace: USPlace: LondonPerson: John MagnierPerson: JP McManusPerson: Malcolm GlazerPerson: GlazerPerson: MagnierPerson: McManusPerson: Harry DobsonPerson: Henk PottsPerson: Jules SpencerPerson: Sean BonesOrganisation: UnitedOrganisation: Manchester UnitedOrganisation: Cubic ExpressionOrganisation: Tampa Bay BuccaneersOrganisation: Barclays Private ClientsOrganisation: Independent Manchester United Supporters Association
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