Manchester United shares delist

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The Premier League club shares have been delisted from the London Stock Exchange after 14 years on the market.

Although the move had been widely expected following the recent £790m takeover of the club by American Malcolm Glazer, he does not yet have the right to compulsorily acquire other investors' shares.

If Glazer is to be able to compulsorily acquire the outstanding shares, he needs a further 0.3% of the club. Some of the shareholders who haven't agreed to sell are angry at his takeover and believe it will be detrimental to the club's prospects.

Anyone who hasn't sold their shares will only be able to trade them privately if they don't want Glazer to have them. He already owns 97.3% of United shares. Once this rises to 97.6% he will be allowed to compulsorily buy the remaining shares from investors who haven't yet sold up.

Once that has been concluded and the club moves out of its current offer period, the next big move will be to work on generating significantly higher profits.