Glazers IPO fails again - MUST Response

[Paul Brooks]

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

MUST Chief Executive Duncan Drasdo 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."



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.


For further quotes or other information :
Duncan Drasdo, MUST chief executive
Mobile: 07883070876
Twitter: @Drasdo