Man Utd FD faces red card over hostile bid

Man Utd FD faces red card over hostile bid

Manchester United finance director Nick Humby could lose his job as a result of a potential takeover from US tycoon Malcolm Glazer, if the club declares any bid as hostile.

Link: Premiership is ‘the financial champion’ of European football

The football club faces the prospect of a takeover bid from Glazer, after the magnate upped his stake in the company to 28.11%, just short of the 30% required to force the takeover issue. At this point the board would have to decide whether to welcome the bid or treat it as hostile.

Humby, recently found himself on a list of eligible targets for fan protest group the Manchester Education Committee, as he was viewed as complicit in helping Glazer in his attempts to purchase the club.

However should the club look at any forthcoming bid as hostile and it proves successful Humby, along with chief executive David Gill and marketing director Andy Anson, would be removed from the board, reported The Daily Telegraph.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource