SportBusiness.com

GLAZER TIGHTENS GRIP ON UNITED

Tagged in

Malcolm Glazer has reportedly secured the significant 75 per cent stake in Manchester United that would enable him to delist the club and take it into private ownership.

It would also mean the US billionaire could transfer a large amount of debt onto the club's books.

With a 75 per cent stake, Glazer would also leave the holders of the remaining stock with virtually no power and render their shares worthless if he doesn’t pay out any dividends.

If he can get 90 per cent of the shares, he would then be able to make a compulsory purchase to buy up the final 10 per cent slice.

Premier League chief Richard Scudamore has again played down suggestions that Glazer may now try to break out of a collective TV deal to start raising more revenue at United.