BusinessCompany NewsMan United bid gets a step closer

Man United bid gets a step closer

Manchester United's board has allowed would-be owner and US sports tycoon, Malcolm Glazer, to perform due diligence ahead of a possible £800m bid, reports the Financial Times.

Link: Leeds United: an unlikely comeback

Glazer will be bouyed by the board’s decision to allow him access to the club’s books. His latest bid is expected to rely less heavily on debt and is far more detailed in order to get accepted.

Although the possible bid of 300p a share represents almost a 10% premium over yesterday’s closing price, it remains unclear whether chairman Sir Roy Gardner and chief executive, David Gill, will recommend it.

Manchester United directors face extremely hostile opposition to the proposed takeover by fan groups.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor