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Posts: 5973
Joined: Wed Jun 27, 2001 7:39 am

Malcolm Glazer Man Utd Takeover Ruined

Sat Nov 13, 2004 7:43 am

....by himself! As a result of the Man Utd board not giving their backing for a "friendly" takeover, he got one of his representatives to vote against the reappointment of 3 directors (one was non-executive with the highest profile casualty being Maurice Watkins who also normally acts on behalf of Utd in various legal matters).

However, tonight it has emerged that Glazer's financial backers (JP Morgan) and PR group (Brunswick PR) have withdrawn their co-operation with working with him due a high likelihood that both saw no need to alienate the incumbent board and/or fans in this manner.

He's also done the astonishing thing of getting the Man Utd board and the independent Shareholders United group to start singing from the same hymn sheet as they are normally at loggerheads as to the direction Man Utd should take as a plc.

Posts: 23347
Joined: Thu Jun 15, 2000 3:29 am

RE: Malcolm Glazer Man Utd Takeover Ruined

Sat Nov 13, 2004 9:36 am

Serves him right  Laugh out loud Just another greedy businessman
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