A November 21, 2004 file photo shows US business tycoon Malcolm Glazer in Tampa, Florida. The Tampa Bay Buccaneers announced on May 28, 2014 that Glazer has died at age 85. Glazer bought the Buccaneers in 1995 and Manchaster United in 2005. Eliot J Schechter / AFP
A November 21, 2004 file photo shows US business tycoon Malcolm Glazer in Tampa, Florida. The Tampa Bay Buccaneers announced on May 28, 2014 that Glazer has died at age 85. Glazer bought the BuccaneerShow more

Manchester United fans pay muted respect after Glazer death



Manchester United fans on Wednesday paid muted respect to owner Malcolm Glazer, who has died at age 85, as deep resentment still lingers over his debt-laden takeover.

United fans staged mass protests and burnt season ticket forms when the American finally took over the club in 2005. Disgruntled supporters even set up a new club, called FC United of Manchester.

A popular chant heard at FC United games looked forward to Glazer’s passing, and although attitudes softened as the Premier League giants enjoyed one of their most successful spells, supporters remain angry about the club’s finances.

Manchester United Supporters’ Trust vice-chair Sean Bones said: “It would be inappropriate for me to make any comment about the death of Malcolm Glazer as I didn’t know him or his family personally.

“However, as a supporter, I am aware of the detrimental effect the Glazers have had on the football club and the huge debt that has been placed on Manchester United.

“Malcolm Glazer wasn’t a board member and his children are on the board, so I don’t think that situation changes much.”

Fans took to club forums to call for a respectful reaction.

One user on fan site RedCafe wrote: “say what you will ... but he presided over the most successful period in the clubs history”, while another urged fellow supporters to “keep it sensible”, saying the death was “bound to be a flashpoint for some fans”.

“I would hope most of our fans will be able to retain some level of civility, in spite of the general feeling towards what he and his family have done with regards to the clubs’ finances,” wrote one supporter, while another reflected on “a very strange year for our club.”

Others highlighted to Glazer’s successful partnership with Sir Alex Ferguson, the manager who was able to carry out his job with little boardroom interference.

The Tampa Bay Buccaneers owner had largely handed control of the club to his two sons, Joel and Avram, as his health deteriorated.

Despite winning five Premier League titles and a Champions League trophy during his reign, the club currently finds itself in desperate need of an overhaul after finishing seventh last season, the first without Ferguson.

Dutchman Louis van Gaal has been charged with overhauling the side, and is expected to make sweeping changes to the playing staff.

Follow us on Twitter @SprtNationalUAE

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.