Glazer set deadline to announce United plans

Malcolm Glazer has until May 17 to announce whether he intends to buy Manchester United.

The deadline has been set by the takeover panel for the American tycoon to announce whether he is to pursue a takeover of the club’s plc.

A statement from the club read: “The board of Manchester United plc welcomes the announcement by the takeover panel of a deadline of May 17, 2005 for the Glazer Family Limited Partnership either to announce a firm intention to make an offer for the company under rule 2.5 of the city code or to announce that it does not intend to make an offer for the company.”