Glazer spent £44m more on United shares

The Manchester United takeover saga took another twist tonight when it emerged sports tycoon Malcolm Glazer had raised his stake in the club to 25.3% at a cost of around £44m (€63m).

The American billionaire confirmed he had purchased 15.4 million shares at an average price of £2.85 (€4.12), although it was not immediately clear who he bought them from.