Racehorse tycoons John Magnier and JP McManus now own over a quarter of Manchester United plc after again increasing their shareholding.
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Last Updated : 20-Jan-2004 by editorCubic Expression announced to the Stock Exchange yesterday that they have bought another 3,256,944 shares, which takes their holding over 66.5million and above the 25% mark.
SU Spokesman Oliver Houston said:
'All fans' groups and fans at our club are united in not wanting a takeover. A single owner or block of owners in control of our club would not be healthy - the opportunity for scrutiny and accountability would be lost and fans would have little chance of ever having a say in how their club is run. United is a 125-year old community asset and should not be treated like a stock market placing. Media moguls, currency speculators, oil tycoons and the rest should take note; our club is not for sale."
'Fans who care about United's independence must join SU now and help build a blocking stake to prevent hostile or unwanted bids and we very much hope that the club will aid us in this endeavour.'
