Malcom in the middle of United takeover bid

US sports tycoon Malcolm Glazer formally launched his £790.3m (€1.15bn) takeover bid for Manchester United today after winning the support of Irish duo JP McManus and John Magnier.

Thu, 12 May, 2005 - 15:14

US sports tycoon Malcolm Glazer formally launched his £790.3m (€1.15bn) takeover bid for Manchester United today after winning the support of Irish duo JP McManus and John Magnier.

A statement from his Red Football bid vehicle said he will pay 300p a share to acquire the 28.7% stake held by Irish racing tycoons JP McManus and John Magnier.

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