ownership of manchester united

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Josh szpara

Ownership of Manchester united

Manchester united was a plc but even before that it was a partnership it changed to a plc in 1989, it was a partnership of 4 people. The Hillsborough disaster in 1989 lead to The Taylor Report witch is a document, whose development was overseen by Lord Taylor of Gosforth, concerning the aftermath and causes of the the disaster. The Taylor report demanded that all the top league clubs updated the seating and made it all safe and that everybody had to sit down. The problem for Manchester united was that they could not afford to make the changes needed, so Manchester united 4 owners had to sell sharers of the company making it a plc.
Plc stands for public limited company. The features of a plc are ... that its shears can be sold on the stock market and people of the public can own it. Advantages of been a plc is that money can be made quickly and that the owners can not loose belongings if the business falls into debt, they just loose what they own in the club. The firm is big there for easier to negotiate with suppliers

Manchester United is now a private limited company (Ltd). The owner of Manchester united is Malcolm glazer and his family this is how they changed Manchester united to an ltd.Glazer had owned shares in the club since 2003, possibly earlier. On 26 September 2003, it was reported that he had increased his share to 3.17%, taking his shareholding above the 3% threshold at which he had to inform the club's management about it. There had already been considerable speculation about the possibility of a takeover of the club, either by Glazer or by one of several other interested parties.

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By 20 October, he had increased his shareholding to 8.93%, and on 29 November it was reported that he owned around 15% of the club and had met David Gill, its chief executive, to discuss his intentions. On 12 February 2004, Glazer increased his stake in the club to 16.31% and the following day's Financial Times reported that he had instructed Commerzbank to explore a takeover bid. The club's share price increased by 5% that day, valuing the club at a total of £741m.Glazer increased his shareholding to over 19% the following June, although he was still not the largest ...

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