BusinessCompany NewsMan 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.

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