AustinBlue
Well-Known Member
Last comment (I'm supposed to be working FFS :)) -- the stories I've read seem confused as to whether:
(1) the Chinese have approached the Glazer family to buy some of their 80% ownership stake, or
(2) a large block of the publicly-traded shares (an 8% stake allegedly, which would be 40% of the public float, or it could be the papers have it wrong and it's 8% of the public float, or a 2% stake in Utd overall) was on the desk at a broker and Chinese fund was interested. Recall those public shares have no voting rights (cheeky Glazers).
If the latter -- no big deal, and the story is a zero -- just a public shareholder looking to get out.
If the first option, also no big deal. City already did it. Still a glazer owned company.