Glazers Out

Manchester United Football Club is an English football club based in Old Trafford, Greater Manchester. The club was formed as Newton Heath LYR Football Club, the works team of the Lancashire and Yorkshire Railway depot in Newton Heath, in 1878. The club split from the railway company in 1892 and remained under private ownership for almost 100 years, changing its name to Manchester United after being saved from bankruptcy in 1902. The club was the subject of takeover bids from media tycoon Robert Maxwell in 1984 and property trader Michael Knighton in 1989, before going public in 1991; they received another takeover bid from Rupert Murdoch's BSkyB corporation in 1998 before Malcolm Glazer's stake was announced in September 2003.

By the end of 2003, Glazer had increased his shareholding from 3.17% to around 15%, which he almost doubled in the year up to October 2004. His acquisition of John Magnier and J. P. McManus's 28.7% stake in May 2005 pushed his own up to around 57%, well over the 30% threshold that would force him to launch a takeover bid. A few days later, he took control of 75% of the club's shares, allowing him to delist the company from the stock exchange, and within a month, the Glazers took 98% ownership of the club via their Red Football parent company, forcing a squeeze-out of the remaining 2%. The final purchase price of the club totalled almost £800 million. The Glazer family, owners of Manchester United Football Club, are single handedly destroying this football club by taking profit out of the club and not invest in players that the club desperately needs to thrive.