▲ Up
 
20:27 01-04-2015
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
17:15 Atambayev asks not to confuse Kyrgyzstan with other 'stans'17:12 Murodali Alimardon released from post of Deputy Prime Minister of Tajikistan17:07 Turkey vows to hunt down 'dark forces' behind Istanbul hostage-taking17:05 Moscow marks Kyrgyzstan's contribution to preparation of WWII Victory celebrations16:57 Education Minister, European delegation discuss research system in Kyrgyzstan16:55 Kazakhstan, Hungary mull launch of Astana-Budapest direct flights16:52 18-minute documentary about April 7 shot, Vice PM says16:46 Support of Kyrgyz economy by services and construction sectors incomes to slow down, EDP forecasts16:40 2 million 456 thousand citizens register their biometric data16:34 President Atambayev meets with German President Joachim Gauck16:29 MPs propose allocation of 50 million som to Bishkek Botanical Garden16:22 Manuscripts Fund of Language and Literature Institute might receive 3 million som for rehabilitation16:15 OSCE seminar promotes traffic safety in Turkmenistan16:12 Banks must increase their authorized capital to 300mln soms - central bank16:03 Parliament ratifies cooperation agreement with China16:02 Kazakhstan, Hungary sign a number of deals15:57 Member of Batukayev's organized crime group detained in Jalal-Abad15:51 27 tuberculosis facilities operating in Kyrgyzstan fail to meet international standards15:42 Urkaine refuses to extradite ex-president of Georgia Saakashvili15:42 State Registration Service plans to employ 4 thousand IT-professionals at upcoming elections
Astana
-3° C
Ashgabat
+11° C
Bishkek
-1° C
Dushanbe
+10° C
Tashkent
+7° C
exchange rates
 
68.49
63.89
10.28
1.11
199.09
185.65
29.95
3.22
6.27
5.84
0.94
0.10
2642.45
2484.15
400.29
41.38
3.76
3.50
0.56
0.06

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation 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