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Glazer makes another Manchester United bid Malcolm Glazer is back again with another bid to buy Manchester United.
Glazer, owner of the NFL's Tampa Bay Buccaneers, has reportedly proposed his third takeover bid in six months to the soccer team's board, this time for an estimated $1.53 billion. Glazer already owns about 28 percent of the club's shares.
The offer reportedly relies less on borrowed money, which the Manchester United board cited in rejecting his last bid two months ago.
There was no immediate comment Friday from the Malcolm I. Glazer Family LP. Manchester United and its financial advisers, Cazenove, declined comment.
Financial analysts expect Glazer to offer $5.65 per share. Shares rose 2.18 percent to $5.29 early Friday on news of the pending offer.
Manchester United board members are on record saying Glazer is offering a fair price. They are required by law to act in the financial interests of stockholders, and could face a suit from Glazer if they block the bid.
The fate of Glazer's bid may rest with major shareholders J.P. McManus and John Mangier. The Irish racehorse owners hold a 29 percent stake through their Cubic Expression investment company.
A sale by the Irishmen would effectively hand control to Glazer.
"I think it all rests on Cubic Expression and what they do with their stake," said Roy Kaitcer, a director with Manchester stockbrokers Brewin Dolphin Securities.
Man U is in third place behind Chelsea and Arsenal in the Premier League this season, and has already been eliminated from the lucrative Champions League.
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