United to provide Glazer 'limited due diligence'

Manchester United have confirmed they will provide Malcolm Glazer with “limited due diligence” in order to advance his takeover plans – but have stated they do not believe they would be able to back the US businessman's bid proposal.

Manchester United have confirmed they will provide Malcolm Glazer with “limited due diligence” in order to advance his takeover plans – but have stated they do not believe they would be able to back the US businessman's bid proposal.

Five days after revealing they had received “detailed proposals” from Glazer, the Red Devils’ board – led by chief executive David Gill and chairman Roy Gardner – have realised supporters’ worst fears by allowing the Tampa Bay Buccaneers owner to inspect club accounts in the interests of the majority of shareholders.

However, they have done so with massive reservations over the financing of the scheme, which they claim will “put pressure on the business of Manchester United” if Glazer’s plan did not prove successful.

In a lengthy statement, issued without Glazer’s consultation, the club also stated that if the proposals currently placed before them did eventually turn into a formal bid, the board would be “unlikely” to recommend the offer as being “in the best interests of Manchester United”.

more courts articles

Man admits killing Irish pensioner (87) on mobility scooter in London Man admits killing Irish pensioner (87) on mobility scooter in London
Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court

More in this section

Liverpool FC v Chelsea FC - Barclays Women´s Super League Will Emma Hayes depart empty-handed after Leanne Kiernan strikes for Liverpool?
Ralf Rangnick file photo Rangnick rejects Bayern in favour of Austrian stay 
Borussia Dortmund v Paris Saint-Germain - UEFA Champions League - Semi Final - First Leg - Signal Iduna Park Dortmund win ends Premier League hope of extra Champions League spot
Sport Push Notifications

By clicking on 'Sign Up' you will be the first to know about our latest and best sporting content on this browser.

Sign Up
Sport
Newsletter

Latest news from the world of sport, along with the best in opinion from our outstanding team of sports writers

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited