Glazers is ready to complete the £ 7.5m share plan. in the midst of the Man United fan unrest

Avram and Joel Glazer, from the Glazers family, are owners of Manchester United. (image pictures)


Glazers follow up on £ 7.5 million fan share scheme amid unrest among Manchester United supporters

According to Sky News (h / t The Mirror), The Glazers are close to completing a new £ 7.5 million fan action program amid unrest among Manchester United supporters.

There has been a lot of dissatisfaction among the fans and the United hierarchy over the last 15 years. Things have only intensified since Sir Alex Ferguson left the club and had consistent success on the pitch with him.

Earlier this year, however, The Glazers tried to get into the European Super League. This would have seen the promotion system in European football compromised. Fans were so furious that they raided Old Trafford before a match against Liverpool to protest against the owners.

Manchester United fans came into battle against the Glazers after trying to get into the European Super League.  (image pictures)
Manchester United fans came into battle against the Glazers after trying to get into the European Super League. (image pictures)

Joel Glazer later attended his first fan forum meeting in June and made a pledge to supporters.

“As owners, we want exactly the same as the fans – a successful team and a strong club – and we will work in partnership to achieve those goals.”

The owners have now followed up on that promise. It is believed that they are closing in on agreeing on a plan with the Manchester United Supporters Trust (MUST). This fan share scheme would see supporters own an initial share of shares.

“THE CLUB HAS BEEN IN DISCUSSIONS WITH MUST [THE MANCHESTER UNITED SUPPORTERS TRUST] REGARDING A FAN SHARE SCHEME FOR SEVERAL MONTHS AND HAS ALREADY SEEKED EXTERNAL LEGAL ADVICE ON OPPORTUNITIES. THE DISCUSSIONS WILL NOW BE INTENSIFIED WITH THE PURPOSE OF AGREING ON A PLAN BEFORE THE BEGINNING OF THE NEW SEASON. “

Joel Glazer (Right) attended the fans' forum in June and has now followed up on his promise as they approach an agreement on a new fan share scheme.  (image pictures)
Joel Glazer (Right) attended the fans’ forum in June and has now followed up on his promise as they approach an agreement on a new fan share scheme. (image pictures)

These shares (worth £ 7.5 million) are apparently a new share class and should have the same voting rights as the B share class owned by Glazers. They will also have 10 times the voting rights as the A shares owned by most investors.

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A new advisory board for fans must also be launched to maintain communication between supporters and club leaders. This is a good initiative by the owners and it could rectify the somewhat broken relationship between fans and them.

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