Premier League giants Man United revealed they are close to agreeing on a fan share scheme they had pledged following the European Super League protests. Manchester United Supporters Trust (MUST) is in advanced talks with the board. Under the plans, a certain number of shares will be owned by the supporters. These shares would hold the same amount of voting rights as the B-share holders such as the Glazer family who took control in 2005.
“We are in advanced talks with MUST about a Fans’ Share Scheme which would open a path for fans to build, over time, a meaningful ownership stake in Manchester United.” Premier League giants Man United said in a statement. “This would give fans a strong collective voice within our ownership structure and help cement a new spirit of the long-term partnership between fans and the club. There are significant legal and regulatory complexities being worked through, together with MUST and expert advisers.”
“MUST continue to be in discussions with MUFC about the creation of a supporter share ownership scheme.” a MUST spokesman said. “No agreement has yet been reached, and in the event, we do it will be subject to a ballot of our members and wider consultation with the United fanbase.”
“We continue to believe that European football needs to become more sustainable throughout the pyramid for the long-term. However, we fully accept that the Super League was not the right way to go about it,” Mr. Glazer said. “In seeking to create a more stable foundation for the game, we failed to show enough respect for its deep-rooted traditions – promotion, relegation, the pyramid – and for that we are sorry.”