GLAZER HOUNDED WHERE EVER HE GOES

Last updated : 17 November 2004 By editor

After the disclosure of Glazer's discussions with Deutsche were reported on here the German bank got a taste of what might happen if they accepted the poisoned bucket resulting in the waving of the white flag.

From The Independent yesterday:

Deutsche Bank rapidly distanced itself from any links to Malcolm Glazer yesterday after being bombarded with abusive emails, phone calls and faxes from Manchester United supporters opposed to any takeover of their club by the American businessman.

The deluge began after The Independent revealed that Glazer's camp had held talks with the German bank about backing his bid. It is understood that a preliminary discussion took place in London on Monday but further talks were quickly ruled out by yesterday morning. The finances, as well as the vehemence of the opposition to the bank, merely for being linked to Glazer, were factors.

After learning that his previous bankers JP Morgan had resigned in protest at Glazer's decision to oust three members of the United board at the club's annual general meeting on Friday, it had been reported the American businessman had opened discussions with Deutsche Bank.

However, those claims have been rejected this afternoon, appearing to block a further avenue to Glazer's controversial effort to buy the Old Trafford outfit.

``Deutsche Bank is not in any talks with Malcolm Glazer,'' said a spokesman for the company in the briefest of statements.

While rumours that Glazer's lawyers Allen & Overy had also quit proved to be premature, Deutsche Bank's public statement is another blow to the American, who continues to pursue his takeover dream even though United's board remain implacably opposed to such a move.

Supporters groups have been vocal in their condemnation of the owner of the Tampa Bay Buccaneers NFL franchise and mobilised again this morning when speculation about Deutsche Bank's possible involvement first surfaced.

The company have spent the day being bombarded by black paper faxes, e-mails and pizza deliveries, just as Brunswick were when they were appointed. And while being targeted in such a manner isn't likely in itself to prevent any organisation hooking up with Glazer, coupled with the onerous task of trying to complete an £800million deal in direct opposition to the United board and without the approval of major shareholders John Magnier and JP McManus, it could be a serious disincentive.'

Hmmm Allen and Overy they seem to be quite determined don't they?