Glazer Bankers reportedly drop out
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MANCHESTER, England -- Malcolm Glazer&#39;s hopes of gaining control of Manchester United have suffered a blow with reports that bankers JP Morgan have withdrawn support for his takeover bid.
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Manchester United supporters have reacted angrily to news that the club could be bought out by Malcolm Glazer. The club confirmed on Monday it had received a takeover approach, thought to be from the American businessman.
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Leading Manchester United supporters&#39; groups are warning the club not to drop their guard despite bankers JP Morgan pulling the plug on Malcolm Glazer&#39;s bid to buy the Old Trafford outfit.
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Tampa Bay Buccaneers owner Malcolm Glazer ousted three Manchester United board members Friday in a move that could signal plans for a hostile takeover of the famed soccer team.
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The bank and public relations firm advising US tycoon Malcolm Glazer on his attempt to acquire Manchester United dropped him as a client on Friday, hours after he ousted three of the English soccer giant&#39;s directors, sources close to the situation said.
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MANCHESTER United today dramatically rejected the advances of Malcolm Glazer, the US sports boss who is mulling an Â£825m bid for the football club.
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Irish billionaire businessmen JP McManus and John Magnier, who own almost 29 per cent of Manchester United, have turned down an approach from American sports franchise tycoon Malcolm Glazer to take over the club.
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The Manchester United board have announced that they have ended talks with US sports tycoon Malcolm Glazer, saying his takeover proposal risked leaving the club mired in debt.
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Manchester United will lack the spending power of Chelsea even if Malcolm Glazer takes over the club, according to a leading City expert.
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Malcolm Glazer&#39;s bid for Manchester United is dead in the water after major shareholders John Magnier and JP McManus told the American there was no basis for a deal.
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Three directors of Manchester United have been ousted from the board after US tycoon Malcolm Glazer, who is attempting to buy the club, voted against their re-election.
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A year ago, few soccer fans had heard of reclusive American businessman Malcolm Glazer. Now he's on the verge of a possible takeover of Manchester United &#151; the world's richest and one of its most storied soccer clubs &#151; much to the dismay of its fans.
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Shares of Manchester United fell Monday as investors questioned the likelihood of a $1.5 billion bid from Malcolm Glazer after the US tycoon&#39;s bankers resigned.
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MAN UNITED&#39;S share price has fallen by just over 2.5%, less than expected after the resignation of Malcolm Glazer&#39;s bankers JP Morgan.
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Malcolm Glazerâs bid for Manchester United is dead in the water after major shareholders John Magnier and JP McManus told the American there was no basis for a deal.
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U.S. financier Malcolm Glazer is working  with investment bank Rothschild on a potential 800 million  pound ($1.51 billion) takeover offer for Manchester United but  a bid for the world's richest soccer club is not imminent,  sources close to the process said Friday.
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Manchester, England (Sports Network) - Three Manchester United board members lost their seats on the Old Trafford Board Friday due to Malcolm Glazer&#39;s vote.