2005-05-13

Update on Glazer's hostile takeover

There are reports on NPR and the Tampa Tribune that Malcolm Glazer currently owns 70% of the Manchester United. He needs to own 75% to take complete control on the club. Currently the Manchester United is a publicly traded company, but if Glazer can take control of the club he raise ticket prices and build a new stadium that would help bring in more profits.

Manchester United fans have been adamant in their opposition to Glazer's takeover of their beloved club, but seeing as how the Glazers have already turned around the Buccaneers franchise, I'm betting the Glazers do the same with a struggling Manchester club. Here is a link with detailed information on the fan's resentment of the takeover: http://soccernet.espn.go.com/headlinenews?id=333235&cc=5901
Some 2,000 fans showed up outside the United's soccer stadium to burn effigies of Glazer and season ticket renewal forms.

But there is good news for Buc's fans, Buc's GM Bruce Allen says that the Manchester takeover "won't change anything we've been doing'' with the Buccaneers. The Glazers have not used any part of the Bucs (valued at $779 million) as collateral to buy the Machester club.


Update: The following link takes you to a picture of the Glazer effigy (hats off to The Shark) http://http://images.thetimes.co.uk/TGD/picture/0,,199271,00.jpg

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