Manchester United ‘not a plaything’

AN influential Manchester United supporters’ group have warned prospective buyers that they are not willing to give up their stake in the club without a fight.

Reports in yesterday's Observer newspaper claim that three individuals with wealth comparable to new Chelsea owner Roman Abramovich are preparing separate takeover offers which would turn the Old Trafford outfit into a privately-run operation.

United's dependence on the approval of shareholders is perceived as a weakness by some who point to the benefits of having one owner calling the shots.

However, Shareholders United spokesman Oliver Houston says his organisation is opposed to moves which would turn control of the club turned over to an individual.

"Manchester United is not the plaything of wealthy individuals or international corporations," said Houston.

"It is a 125-year-old community asset that should be run in the interests of its supporters."

On their own, the members of Shareholders United do not have significant financial clout.

But as an organisation they have had their victories in the past, notably when they played a key role in foiling a takeover by BSkyB. Houston added: "Anyone ignoring the 15%, or so, of the shares held by fans is going to wind up with a bloody nose.

"IMUSA (Independent Manchester United Supporters Association) and the fanzines are united in the belief that no one, other than the Supporters' Trust, should control 50% or more of the club."

The reports that there are three separate individuals one like Abramovich from Russia, one from the Middle East and one European preparing to launch £600 million bids for control of the club have been denied by United.

Club spokesman Paddy Harverson told the Press Association: "It's pure speculation."

Privately, United claim they have not been subject of any approach and nor are they aware of "active interest" from any party.

Speculation over Manchester United's financial position has grown in recent weeks and has been upped again in the wake of chief executive Peter Kenyon's move to Stamford Bridge.

Shares in United, priced at 168p, are thought to be overvalued but the scale of wealth available to individuals like Abramovich, who is thought to be worth around £5 billion, mean a takeover would still not be beyond them.