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Manchester United chairman resigns, Glazers appointed to board
Manchester United said non-executive chairman Roy Gardner and two non-executive directors had resigned from the board of the world's richest football club following a takeover by Malcolm Glazer.
"Following the unconditional mandatory cash offer for Manchester United... Roy Gardner, the non-executive chairman of Manchester United, and Ian Much and Jim O'Neill, both non-executive directors of Manchester United, have each resigned," it added. The English Premiership club announced the appointment of Joel Glazer, Avram Glazer and Bryan Glazer as non-executive directors and the re-appointment of Andy Anson as commercial director. Malcolm Glazer initially seized majority control of United after buying a 28.7-percent stake in the club from Irish racing millionaires J.P. McManus and John Magnier last month. Manchester United's board later caved in to Glazer after agreeing to sell its minority stake to the 76-year-old owner of NFL franchise Tampa Bay Buccaneers. Minority shareholders in the Premiership team have until June 13 to accept Glazer's unconditional offer valuing the club at 790.3 million pounds (1.16 billion euros, 1.47 billion dollars).
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