The family is based in Florida. United's formation was the 12 May 2005 takeover of Manchester United by American businessman Malcolm Glazer.
Er war das fünfte von sieben Kindern jüdischer Einwanderer aus Litauen. He eventually bought the watch repair concession at the Sampson Air Force Base near New York, turning it into a successful business and eventually moving into real estate.A group of wealthy United fans dubbed the ‘Red Knights’ discussed a takeover bid with them, but the deal eventually collapsed as the group refused to meet the Glazers’ valuation.When Glazer took control of 75% of the club’s shares within a few days, he was able to delist the company from the stock exchange, and Red Football Ltd took 98% ownership within a month, forcing a squeeze-out of the 2% which remained.But the club’s ownership is a highly controversial topic, with United’s current owners the Glazers unpopular with many fans.Glazer’s first step into sports ownership came as he bought NFL side the Tampa Bay Buccaneers following the death of former owner Hugh Culverhouse in 1995, for a then-record $192 million (£122m).The Manchester United Supporters’ Trust has been looking to return ownership of the club to supporters in 2005, and came close in 2010.In 2004, businessmen John Magnier and J. P. McManus, fell out with former United manager Sir Alex Ferguson.This involves borrowing money against a future asset to buy said asset, in this case incurring interest payments of over £60 million ($110m) per annum.Malcolm Glazer financed much of the takeover with loans, using a ‘leveraged buyout plan’ rather than their own money, much to the unhappiness of their fans.Malcolm Glazer took hold of a majority stake in the club in 2005 through investment company Red Football Ltd.The club was largely run by Glazer’s sons, Joe, Bryan, and Edward.Malcolm Glazer was born to Lithuanian parents in Rochester, New York in 1928, the fifth of seven children.He was famously dubbed a ‘slumlord’ after his holding company, First Allied Corporation, was accused by residents of adding illegal extra charges onto trailer park rent payments.However, the takeover was eventually blocked by the government’s Monopolies and Mergers Commission, due to a potential conflict of interest with Murdoch’s sports media investments.Takeover rumours circle regularly, and the well-publicised FC United of Manchester was founded in protest at the American family’s takeover.Joel and Avram had been in charge of the day-to-day running of the club since their father’s stroke in April 2006. Despite their debt, Manchester United posted revenues of £627.1 milllion ($782 million) and an operating profit of £50 million ($62 million) for 2019 a club record. Co-owner of Manchester United F.C. Glazer served as president of the team, while sons Bryan, Joel and Edward were co-chairmen at the time. The pair owned 28.7% of shares in the club, and also invested in Irish racehorse ‘Rock of Gibraltar’ with Ferguson.In the years since, it is widely reported the takeover has cost the club well over £1 billion ($1.3bn) in interest and other fees.When Magnier and McManus looked to sell the 28.7% stake eventually bought by the Glazers, one interested party was former Libyan dictator Colonel Muammar al-Gaddafi.The most recent of these dividends, published in the club’s 2018-19 accounts, totalled £23 million ($30m). Mai 2014 ebenda) war ein US-amerikanischer Unternehmer und Eigentümer von Sportunternehmen (-betriebsgesellschaften bzw. "Malcolm Glazer has passed the 90% threshold needed for complete ownership of Manchester United.Glazer already had control with 75% ownership, although fans had hoped to hold on to a sufficient number of shares so they could put pressure on Glazer, who they believe will saddle United with too much debt.Select your favourite newsletters and get the best of Irish Examiner delivered to your inboxThe US tycoon has increased his United shares to take his total to 97.3%, following an offer of 300p per share.
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