[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated:  Sunday, 2 March, 2003, 18:37 GMT
Super Bowl hero takes a slice of Man Utd
David Beckham
David Beckham: a costly asset
Malcolm Glazer, a US billionaire sports businessman, has reportedly bought a 9m slice of Manchester United football club.

Mr Glazer, who also owns reigning Super Bowl champions Tampa Bay Buccaneers, secretly acquired the 2.9% stake, according to several Sunday press reports.

The news prompted speculation that the UK's most profitable football club could become the focus of a transatlanctic takeover.

The Sunday Telegraph suggests the move would forge close commercial links - or even a merger - between two of the world's biggest sports institutions.

Power battle

A number of hefty dealings in Manchester United shares has kept investors and analysts guessing recently.

Three Irish entrepreneurs, including Dermot Desmond, now control 10% of the club.

But it is not known whether the trio are working together to increase their overall stake.

Manchester United is one of the few football clubs to enjoy success on the stock markets.

Its share price has risen 10% since the beginning of the year.

Despite its financial success, the club lost the final of the Worthington Cup to Liverpool on Sunday.


SEE ALSO:
'Man Utd fans' buyback mooted'
22 Dec 02 |  Business
Man Utd profits sound warning bell
26 Mar 02 |  Business
Liverpool lift Worthington Cup
02 Mar 03 |  Football


INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific