[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 1 December, 2003, 11:56 GMT
Man Utd confirm Glazer's stake
Manchester United players celebrate a goal
United's success has attracted several potential buyers
Manchester United have confirmed US sports baron Malcolm Glazer has bought the 4.5% stake announced on Friday.

The owner of the Tampa Bay Buccaneers now owns a 14.31% chunk of Britain's richest soccer club.

The deal has reignited talk that Mr Glazer is considering a takeover, with United's shares at a three-year high.

But Manchester United's chief executive David Gill said on Monday there had been no takeover approach for the English premier league champions.

He has reportedly held talks with Manchester United's chief executive David Gill in the US, but the club says it is "business as usual".

A look at who could be preparing to take over Man United

His holding is still lower than that of Irish tycoons JP McManus and John Magnier, who hold a 23.15% stake.

They have also been linked with a possible takeover offer.

Dutch TV entrepreneur John de Mol, another shareholder in the club, has also been mentioned as a possible suitor.

Speculation about a possible takeover bid for Manchester United has followed the club for months. Following the announcement United shares rose 2 pence, or 0.76%, to 265 pence.

United's shares have risen by 150% in the last year as the takeover talk has increased.

Manchester United's new sponsorship deal with Vodafone is worth 36m over four years

On Friday they hit a three-year high when news of a major acquisition of shares by the German Commerzbank was revealed.

The London head of Commerzbank, Mehmet Dalman, was revealed as the man behind the move but today it has emerged that those shares have now been passed on to Mr Glazer.

Mr Glazer shot to fame in the United States when he spent $192m in 1995 for the struggling US football Tampa Bay franchise.

He funded a new $200m stadium and helped drag the team out of the doldrums, culminating in this year's Super Bowl victory.

His family made its money from the oil and gas industries, is listed as the 244th richest American by Forbes magazine, worth an estimated one billion dollars.

He was recently tipped to buy the Los Angeles Dodgers baseball team, but the deal fell through.




SEE ALSO:
Glazer takes shine to Man Utd
01 Dec 03  |  Man Utd


RELATED 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