Manchester United could be de-listed within a month - and manager Sir Alex Ferguson and Chief Executive David Gill have been told their jobs are safe. US Sports tycoon Malcolm Glazer has posted his offer document to shareholders on the £790m take-over, detailing the 300-pence-a-share deal. The Glazers currently hold more than 76% of the club.
Shareholders will be able to sell their shares to Glazer until June the 13th. If the businessman can boost his holding to 90%, it would allow him to buy the rest of the shares on a compulsory basis.
He hopes to de-list from the Stock Exchange and go private as soon as June the 22nd. Mr Glazer's bid vehicle, Red Football, tabled a formal offer document. It says the senior management team would be asked to remain with the club and it wanted to ensure Manchester United's "significant success" would continue.
"The Glazer family are keen supporters of Manchester United and long-term owners of Manchester United shares," Red Football said.
Seriously dont make me laugh at the last paragraph
What do you think of the (so far) promoted teams? Will Dave Whelan's money have an impact on a possible survival of Wigan?
