Glazer close to 100% United goal

MALCOLM GLAZER is within touching distance of owning 100% of Manchester United.

Red Football, the American’s investment vehicle, said yesterday it owns 97.3% of United, just shy of the level where he can force the remaining investors to sell their shares to him.

When Mr Glazer launched his €1.1 billion bid for United last month he owned 75.7% of the club and needed to acquire 90% of the remaining shares to be able to compulsorily purchase the outstanding investors who had not accepted his offer.