LONDON: Takeover talks between Manchester United Plc’s two key Irish investors and US sports tycoon Malcolm Glazer on his plans to bid for the English soccer club, have been called off, a source familiar with the process said.
Glazer held exploratory talks with Irish racing magnates John Magnier and J.P. McManus to buy their 28.9% stake, but the two told Glazer’s representatives on Thursday they did not want to pursue the discussions further, the source said, adding there was no possibility the talks would be revived.
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