Man United Reject Glazer's Takeover Bid

The HeraldOctober 26, 2004

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Summary


Manchester United said yesterday they had rejected a business plan from Malcolm Glazer, the US sports tycoon, and ended takeover talks.

The club said an outline plan presented by Mr Glazer was not in their best interests because any offer would rely too heavily on borrowed money.

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Extract


Man United Reject Glazer's Takeover Bid

Their existing financi...

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