Bid to halt Glazer takeover gains momentum

THE bid by Manchester United fans and shareholders to prevent Malcolm Glazer buying the club gathered momentum over the weekend.

Bid to halt Glazer takeover gains momentum

Shareholders United, which represents the shares held by fans, said its membership has surged by almost 300% since Mr Glazer began stalking the club more than a year ago. The group, which is looking to block the £800 million (€1.2bn) takeover by building a 10% stake in the club and rejecting the bid, said the number of members has risen to nearly 26,000 compared with 8,600 in March 2004.

The organisation said that were it not for the opposition of ordinary fans, Mr Glazer would be charging higher ticket prices to pay off the hundreds of millions in debt with which the club would be saddled by the American.

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