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25/07/2012

UNITED SUPPORTERS CALL ON GLAZERS FOR FAN OWNERSHIP AS IPO FAILS

UNITED SUPPORTERS CALL ON GLAZERS FOR FAN OWNERSHIP AS IPO FAILS

Glazers IPO fails again - Manchester United supporters call for fan ownership through full flotation

A MUST spokesperson said "News reaches us tonight from an impeccable source that the Glazers have been forced to pull the New York flotation of Manchester United due to lack of interest at the valuation they were placing on the club. That combined with the unattractive dual class share structure meant they couldn't find support in the market at the price they wanted. We expect they will blame market conditions although there's been little change in markets since they filed with the SEC."

"We now call on the Glazers to come back with a full flotation of Manchester United with a single class of full voting shares.  Should they choose to do this, with no strings attached, we would support such a flotation wholeheartedly and encourage the global fan base of Manchester United to seize such an historic opportunity to secure a meaningful fan ownership stake where the priorities of the club are the same as the fans - not absentee owners. We invite Manchester United supporters around the world to come together - register interest with MUST through our website www.joinmust.org - and create the future Manchester United we all want to see."

ENDS

NOTES:

MUST - The Manchester United Supporters' Trust Our aim is to provide Manchester United fans with the opportunity for mass supporter participation in ownership of their club. This could well be the precursor to such an opportunity and we’d urge every Manchester United supporter who cares about the club to register with the Manchester United Supporters Trust (MUST) through our website. We will provide information to supporters as soon as it is available.

We’d like to see at least a million Manchester United supporters sharing in ownership of their club and it is our role as the official supporters trust to try to make that possible. Supporters can register for free through www.joinmust.org for information.
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