Mr Glazer now owns 97 percent of Man U
Written by JDPGlobal | Tuesday, 28 June 2005
After 14 years on the London Stock exchange, Manchester United has been de-listed. In a move forced by Mr. Glazer, the new boss of the club from the US, the shares held by the remaining shareholders will have to be traded privately.
If Glazer is able to increase his stake by 0.3% to 97.6%, then he can force a compulsory sale from the other shareholders.
Mr. Glazer's share ownership levels are expected to be revealed on Monday. Monday also represents the deadline he set for shareholders to sell their remaining shares to him for £3 each.
The club was taken over for £790m on May 16th.
