Glazer woos fans with letter

US sports tycoon Malcolm Glazer will try to win over Manchester United fans and investors by publishing an open letter outlining his plans for the club, it was reported yesterday.

A letter from Mr Glazer’s son, Joel, is expected to reveal that interest payments on £550 million of borrowings needed to buy the club will be far less than feared.

It will also show that the Tampa Bay Buccaneers owner is planning a four-year £100 million budget to buy players.