11:57 21-09-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Manchester United's former owner passes away at 86

Bishkek (AKIpress) - _75164997_malcolm_glazer_redshirt Malcolm Glazer, the billionaire who led a controversial takeover of Manchester United, has died at the age of 86.

The Glazer family purchased United for £790m in May 2005 amid protests from the Premier League club's fans.

However, they went on to win five Premier League titles and the Champions League under his ownership.

The New York-born American's sons, Joel and Avram, took over the day-to-day running of the club after their father suffered a stroke in April 2006, said BBC.

"The thoughts of everyone at Manchester United are with his family tonight," said a spokesman for the Premier League club.

The Glazer family retain a 90% share in United - split equally among Glazer's six children - with 10% listed on the New York Stock Exchange.

Glazer, who never actually stepped foot inside Old Trafford, gradually bought out United shareholders between 2003 and 2005.

His takeover was largely funded by loans secured against the club's assets, a move that took them heavily into debt and sat uneasily with many fans at Old Trafford.

Manchester United Supporters' Trust vice-chair Sean Bones said: "It would be inappropriate for me to make any comment about the death of Malcolm Glazer as I didn't know him or his family personally.


Twitterfacebookprint
09:37 29.05.2014
LATEST NEWS
17:01 Prosecutors General of CIS members to gather in Dushanbe16:23 Turkish hostages freed from IS16:07 Kyrgyzstani youth attend peacebuilding trainings in Georgia and Armenia15:49 Tatarstan ready to participate in construction of oil refinery in Kazakhstan - Vice PM15:28 Government approves Kyrgyz-Russian Development Fund agreement14:46 Presidents of Kazakhstan, Tatarstan hold talks14:20 Some Naryn residents oppose vaccination of their kids claiming it contradicts to their religious beliefs14:08 Aga Khan Museum revealed in Toronto13:31 24 commercial banks operate in banking system of Kyrgyzstan as of July 113:06 Kyrgyzstan's joining Customs Union tests businessmen's strength - Atambayev12:42 Russian Space Agency to lauch Proton-M rocket carrier from Baikonur in September12:28 Tajik PM off for UN General Assembly in New York12:27 Problem with foul odor coming from Zhongda oil refinery needs to be solved – First Vice PM12:15 North Korea says imprisoned American tried to become 'second Snowden'11:53 Central Bank registers 327 exchange offices in Kyrgyzstan as of July 3111:41 French jets strike in Iraq, expanding U.S.-led campaign against Islamic State11:35 Central Bank sets 50mln-som minimum authorized capital requirement for newly emerging microfinance institutions11:14 Upcoming autumn-winter period tough – Vice PM Dil10:54 Vice PM Sarpashev urges Chui government to hold talks with Gazprom on gas supplies to major consumers at wholesale prices10:34 Government orders China’s TBEA to prepare feasibility study for construction of Karakeche TPP
Astana
+14° C
Ashgabat
+29° C
Bishkek
+20° C
Dushanbe
+26° C
Tashkent
+26° C
exchange rates
 
69.76
54.18
8.82
1.41
234.13
181.95
29.63
4.73
6.40
5.00
0.81
0.13
3117.21
2359.56
384.37
62.66
3.66
2.85
0.46
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75