01-02-2005, 02:04 PM
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#4 (permalink)
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Quote:
Malcolm Glazer has moved to distance himself from reports that he is ready to launch a fresh takeover bid for Manchester United.
The American has already had two bids for the North West giants rebuffed but recent rumours have suggested he is ready to reignite his interest.
Speculation has suggested that Glazer has garnered the support of investment bank NM Rothschild and is mulling over the prospect of a fresh bid - thought to be in the region of £800 million.
JP Morgan are also thought to be willing to back Glazer on the proviso his approach for the club is 'non hostile' but any bid will likely cause outrage amongst the club's supporters.
United are currently in an Offer Period but Glazer remains tight lipped about this latest development and refuses to comment on the breaking news in the UK.
''The Glazer family wishes to record that no statement made in the UK press in recent days, attributed to any member of the family or person associated with the family, was authorised,'' said a statement released to the Stock Exchange.
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