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Glazer may buy control of Man U Associated Press
LONDON - Tampa Bay Buccaneers owner Malcolm Glazer may try to buy control of English soccer champion Manchester United. Glazer increased his stake in the club to 16.31 percent last Thursday.
In a statement to the London Stock Exchange Monday, the Malcolm I. Glazer Family Partnership said it was a ``longtime and enthusiastic supporter of Manchester United.''
``As with any investment, it is considering its possible options, which may include increasing its shareholding or decreasing its shareholding in Manchester United,'' the partnership said. ``It could also include a possible offer for or a possible sale of its shareholding in Manchester United.''
Glazer has been steadily increasing his stake in the English club since October. The team currently has a market value of $1.38 billion.
Irish racing owners JP. McManus and John Magnier own 29 percent of the team.
LONDON - Tampa Bay Buccaneers owner Malcolm Glazer may try to buy control of English soccer champion Manchester United. Glazer increased his stake in the club to 16.31 percent last Thursday.
In a statement to the London Stock Exchange Monday, the Malcolm I. Glazer Family Partnership said it was a ``longtime and enthusiastic supporter of Manchester United.''
``As with any investment, it is considering its possible options, which may include increasing its shareholding or decreasing its shareholding in Manchester United,'' the partnership said. ``It could also include a possible offer for or a possible sale of its shareholding in Manchester United.''
Glazer has been steadily increasing his stake in the English club since October. The team currently has a market value of $1.38 billion.
Irish racing owners JP. McManus and John Magnier own 29 percent of the team.