Man United sale hinges on Irish duo’s decision
The United board has been in talks with Mr Glazer for nearly two weeks, but told the American it cannot recommend the €1.1 billion takeover. It has agreed, though, to put the offer to shareholders to decide.
That effectively means the Irish investors - who own 29% of United’s shares and stand to make €340 million on the sale - can make or break the deal depending on how they vote. They have not been approached by Mr Glazer and have not commented on the situation, except to say their shares are a long-term investment.
