History of Manchester United F.C. The Malcolm Glazer takeover

History of Manchester United F.C. The Malcolm Glazer takeover

On 12 May 2005, American businessman Malcolm Glazer acquired a controlling interest in the club through his investment vehicle Red Football Ltd. in a takeover valuing the club at approximately £800 million (approx. $1.5 billion). On 16 May, he increased his share to the 75% necessary to de-list the club from the Stock Exchange, making it private again, and announced his intention to do so within 20 days. On 8 June he appointed his sons to the Manchester United board as non-executive directors.



In July 2006, the club announced a refinancing package. The total amount will be £660 million, on which interest payments will be £62 million a year. This result of this new financing plan will be a 30% reduction of annual payments.

Possibly related posts:
Manchester United F.C.
History of Manchester United F.C. Early years
History of Manchester United F.C. The Busby years (1945–1969)
History of Manchester United F.C. 1969–1986
History of Manchester United F.C. Alex Ferguson era, pre-Treble (1986–1998)
History of Manchester United F.C. The Treble (1998–99)
History of Manchester United F.C. After the Treble (1999–2008)
History of Manchester United F.C. The Malcolm Glazer takeover
History of Manchester United F.C. Club crest and colours


Source: Manchester United F.C.