Manchester, November 15, : Manchester United supporters will soon have the opportunity to purchase a share in the World’s most prestigious football club through a Fans Share program.They can also use a Fans Advisory Board as a channel for a high-level conversation with the club.The club on Monday announced that it is in discussion with the Manchester United Supporters Trust (MUST) about the proposed schemes.Monday’s announcement by the club indicated that the club is currently in discussions with Manchester United Supporters Trust about the proposed schemes.The share scheme and advisory board were proposed by Joel Glazer, Manchester United co-chairman, in a meeting with the club’s Fans Forum last June, when he expressed hope that they would “reset the relationship with our supporters [and] strengthen the club as a whole”.Joel Glazer, Manchester United cochairman, suggested the share scheme and advisory boards during a meeting with the Fans Forum last June.
He expressed his hope that the schemes would “reset our relationship with our fans [and] strengthen club as a whole”.
The Fans Share Scheme will open a path for supporters to build an ownership stake in the club.
Fans will have the opportunity to own a share of the club through the Fans Share Scheme.
On Monday, the club gave its fans an update on the progress towards implementing the two schemes.
The club provided updates to its supporters on Monday regarding the progress of the implementation of the two schemes.
“We are in advanced talks with MUST about a Fans’ Share Scheme which would open a path for fans to build, over time, a meaningful ownership stake in Manchester United.”We are in advanced discussions with MUST regarding a Fans’ Share scheme which would allow fans to develop a meaningful ownership stake over time.”
“This would give fans a strong collective voice within our ownership structure and help cement a new spirit of a long-term partnership between fans and the club,” Manchester United said in a statement.Manchester United stated in a statement that “this would give fans a strong collective voice inside our ownership structure, and help cement the new spirit of long-term partnership between fans with the club,”
“There are significant legal and regulatory complexities being worked through, together with MUST and expert advisers.”There are many legal and regulatory complexities that must be sorted out, along with expert advisors and MUST.
“As well as making progress on the Fans’ Share Scheme, we are also creating a Fans’ Advisory Board as a new channel for board-level dialogue with supporters and this is close to launch,” the statement said.The statement stated that “As well a making progress on Fans’ Share Scheme we are also creating Fans’ Advisory Board to provide a new channel of board-level dialogue and supporter interaction, and this is nearing launch.”
Manchester United, the most successful club in the Premier League history, is owned by the Glazer Family of the United States which bought a controlling stake in the club in May 2005 and took it off the stock exchange.The Glazer Family of America owns Manchester United, which is the most successful Premier League club in history.
They bought a controlling stake in it in May 2005, and removed it from the stock exchange.
The funding for the highly leveraged takeover, which valued the club at approximately PS800 million (then approx.The club was valued at around PS800 million, or approximately.$1.5 billion), was borrowed by the Glazers; the debts were transferred to the club.The Glazers borrowed the funds for the highly leveraged takeover, which was valued at approximately PS800 million (then approx.$1.5 billion).As a result, the club went from being debt-free to being saddled with debts of PS540 million, at interest rates of between 7% to 20% and this made the Glazers quite unpopular among the die-hard fans.The club was unable to pay its debts and became a burdensome debtor with PS540 million at interest rates ranging from 7% to 20%.This made them unpopular with die-hard fans.
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