Board: "No Definitive" Glazer Offer Yet
By David Hobbs
October 15 2004
The Manchester United board of directors have issued a statement claiming that they have yet to receive a "definitive" offer from American tycoon Malcolm Glazer yet. Billionaire Glazer has been linked with a possible take-over of United in recent weeks and is reportedly still interested.
Hobbs in Trouble
| Board:
"No Definitive" Glazer Offer Yet |
|
The Manchester United board of directors have
issued a statement claiming that they have yet to receive a
"definitive" offer from American tycoon Malcolm Glazer
yet.
Statement:
"There is currently no definitive proposal for the Board to consider. The Board also understands that the Glazer Family and its advisers held discussions with Cubic Expression but that no talks are currently ongoing."
"The Board understands that the Glazer Family continues to consider all its options in relation to its shareholding in Manchester United, including the possibility of making an offer."
"The Board can assure shareholders in the Company and fans of the club that, should any proposal be made in the future, the Board will take into account all relevant considerations including the potential financial terms, possible financial structure and any impact these considerations may have on the future operation of the football club."
"A further announcement will be made if appropriate." |
