Glazer expected to announce victory in Man Utd bid

Sports tycoon Malcolm Glazer was today expected to announce whether he has passed the 90% threshold needed for complete ownership of Manchester United.

Shareholders have until 3pm today to accept the Glazer family’s 300p a share offer, although one report said the US party already had about 92% of shares - enough to compulsorily purchase the rest if they wished.

It is expected the family’s Red Football investment vehicle will announce how much equity it owns once the 3pm deadline has passed today.

The last update from Red Football showed ownership of more than 76%, although this was before the posting of a formal offer document and a subsequent recommendation from the United board that investors sell their shares.

The family already has control with 75% ownership, although fans had hoped to hold on to a sufficient number of shares so they could put pressure on Mr Glazer, who they believe will saddle United with too much debt.