GLAZER/COOLMORE MEETING NOT HAPPENING?

Last updated : 11 August 2004 By Editor

Reuters:

U.S. sports tycoon Malcolm Glazer has no plans to meet Irish investors John Magnier and J.P. McManus over the future ownership of soccer club Manchester United, a source familiar with the matter has said. Papers had reported that members of Glazer's family were planning to meet Irish racehorse owners Magnier and McManus on Tuesday to discuss the possible sale of their 28.9 percent stake. The source said that "categorically" this meeting was not scheduled to take place. Glazer has built up a stake of 50.27 million shares, or 19.17 percent, in the club.

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