Glazer submits fresh Man Utd bid US tycoon Malcolm Glazer has submitted revised proposals for an estimated �800m ($1.5bn) takeover of Manchester United, the BBC understands. The plan includes a commitment to provide a transfer fund of about �20m for new players.
It also backs the club's plans to expand its Old Trafford stadium. The Manchester United board is expected to spend at least a week looking at the proposals before deciding whether to recommend them to shareholders. Mr Glazer and his family currently hold a 28.1% stake in the club. BBC Sports News correspondent James Pearce says Mr Glazer is proposing to pay �3 a share. At the close of trading on Thursday, shares in Manchester United were trading at �2.75. On BBC news NOW (18.35) [Non-text portions of this message have been removed] ------------------------ Yahoo! Groups Sponsor --------------------~--> Give the gift of life to a sick child. Support St. Jude Children's Research Hospital's 'Thanks & Giving.' http://us.click.yahoo.com/5iY7fA/6WnJAA/Y3ZIAA/GtUolB/TM --------------------------------------------------------------------~-> Please use [email protected] for general discussion. To unsubscribe send a blank message (from the email account in question) to: [EMAIL PROTECTED] Join as a full member of IMUSA today: http://www.imusa.org/join.htm Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/imusa/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
