Chapter 456 Manchester United on the eve of privatization
It is also because of this that Malcolm Glazer saw the potential in Manchester United and began to buy shares in Manchester United. Just after Manchester United ended the season as a double champion in the 2002-2003 season, Malcolm Glazer bought their first share in Manchester United: 2.9%, spending only 9 million pounds.
In September 2003, this proportion increased to 3.17%; in October, after several consecutive transactions were completed, Glazer Holdings' share reached 8.93%.
Don’t underestimate this 8.93%. Except for the largest shareholder, Manchester United’s shares are relatively scattered, so Glazer is already the second largest shareholder of Manchester United at this time.
Then, they continued to acquire in the market, and by November 2003, Glazer's shares had reached 14.3%.
In February this year, when Glazer's shares reached 16.31%, he made an offer to Manchester United that he might have to acquire. Of course, Manchester United ignored it at all.
Glazer, who failed his first attempt, continued to focus on collecting shares. In April this year, he bought the shares of former Manchester United secretary Morris Watkins for 3.5 million pounds, with a shareholding ratio of 18.25%. The latter's car was immediately poured with red paint by Manchester United fans.
In October this year, Glazer made another offer, but negotiations with Manchester United's major shareholder failed. Glazer's acquisition plan was rejected again.
The day after being rejected, Glazer bought Manchester United shares in the secondary market. Four days later, he already owned 28.11% of Manchester United.
The reason why Manchester United rejected Glazer's acquisition is actually very simple, because Glazer did not intend to pay for the money at all, but was preparing to complete it through debt.
But Glaze had no intention of giving up at all. Just a few days ago, he made another offer, saying that the previous plan could be modified.
Under the strategy of Malcolm Glazer, Manchester United's major shareholders Manier and McManus have already loosened, which has caused some Red Devils fans to feel panic. Banners opposing the Glazer family's privatization of Manchester United have appeared in the stands at Old Trafford Stadium many times recently.
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Manchester United is a listed company, and many Red Devils fans have more or less owned some of Manchester United's shares, which gives them the idea of being the master.
However, if the Glazer family acquires Manchester United and privatizes them, they will lose their master status.
For a time, public opinion in the British Isles was in full swing, and everything was said.
Some people say that once the Glazer family makes money by buying Manchester United, the Red Devils will definitely bear huge debts. In that case, Manchester United does not rule out selling a group of players such as Fanny, Phil Neville, etc. in exchange for considerable funds to improve the club's operating conditions.
As Manchester United's most valuable player, the outside media has been rumored that if Manchester United receives a suitable offer, it is not ruled out to push Yin Jun into the transfer market, but Manchester United will receive a transfer fee of more than 80 million pounds less.
It has even been previously revealed that Manchester United rejected Real Madrid's offer of 60 million pounds.
There were rumors outside, and the Manchester United team was panicked. As the team's number one star, Yin Jun also had no choice. On Christmas Eve, Yin Jun, who had just come from Zurich, held talks with Ferguson, David Gill, Bobby Charlton, Roy Keane and Ferdinand in the conference room of Old Trafford Stadium.
David Gill solemnly promised on behalf of the club's management that the club currently has no plans to sell players, except Phil Neville, because the player has long wanted to leave the team.
David Gill also comforted Yin Jun and said that the team would never sell Fanny. This is a rumor in the media and did not receive a quote from Real Madrid, because according to the rules, the club should notify the player's agent after receiving the offer.
If you don’t receive a quote, you will naturally not sell players.
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As a time traveler, Yin Jun is naturally aware of what is about to happen to Manchester United, but he is also willing but unable to change these things.
Although Yin Jun is already a rich man with a net worth of more than 50 million pounds after two or three years of struggle, his money is still worth noting when facing Manchester United, which has a market value of up to 1 billion pounds.
Even if he exchanged all his funds for Manchester United shares, he still couldn't stop Glazer from privatizing Manchester United.
According to British law, once Glazer owns 75% of Manchester United's shares, he can forcefully delist Manchester United and then privatize it.
Yin Jun wants to stop this from happening unless he holds more than 25% of Manchester United shares, which means more than 250 million pounds of funds!
Although Yin Jun knows some knowledge about the capital operation of the Glazer family in a way that makes money from nothing, he is not familiar with it and does not know how to stop it.
Facing the Manchester United team that had already begun to decline, Glazer, the hungry wolf, has taken action, let alone the current Manchester United team, which can be called cash cows, how could the Glazer family let go?
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This pre-match celebration seemed like a false prosperity, but in fact it was undercurrents. But under the auspices of Yin Jun, Keane, Giggs and others, Manchester United's locker room was as stable and harmonious as ever. Even Phil Neville, who was determined to leave the team, still trained and prepared for the game as usual every day.
In the 19th round of the Premier League, Manchester United's opponent is Bolton. Fast Horse is currently ranked 11th in the Premier League and is a typical mid-range team, but Allardyce's team is unquestionable. Moreover, Bolton is also one of Manchester United's mortal enemies, and Ferguson also sent all his main players to play in this game.
In the tenth minute of the game, Yin Jun dribbled into the penalty area and passed the ball to the back point. Giggs followed up and shot and scored a first record for Manchester United.
Manchester United controlled the situation on the field with a fantastic start, but Bolton's calm defense made it difficult for the Red Devils to find a good opportunity.
Yin Jun also played very hard in the game, trying very hard to find opportunities. After he contributed an assist, he even tried hard to win a goal.
As his debut after winning the double honors of World Footballer and European Golden Ball Awards, Yin Jun certainly hopes to score in the goal. But until the 70th minute of the second half, when Ferguson replaced him, Yin Jun failed to score.
Manchester United fans at the scene still gave him warm applause and cheers, shouting his name.
Although he did not score, Yin Jun, who contributed an assist, still performed very well.
After Yin Jun got out, Manchester United continued to besiege Bolton, but the effect was still not good. It was not until the 90th minute of the game that Manchester United secured the victory. Giggs dribbled the ball in the middle and shook several people in a row, but Bolton defender cleared the ball to Scholes' feet, who shot with his right foot at the edge of the penalty area.
Chapter completed!