Manchester United are in advanced talks with the club’s Supporters Trust over a fans’ share scheme that would offer ‘a meaningful ownership stake’ as the Glazers look to build bridges after failed European Super League plot
- Man United came under fire from fans after their role in European Super League
- United pulled out of the competition but fans protested against the Glazers
- The club suggested fans’ share scheme to improve relationship with supporters
- United said it was in ‘advanced talks’ with their supporters trust over the scheme
- It promises to give supporters a ‘meaningful ownership stake’ in the club
Manchester United have moved a step closer to setting up a fans’ share scheme that would give supporters a ‘meaningful ownership stake’ in the club.
United have been in talks with the Manchester United Supporters Trust over the scheme since the failed European Super League sparked outrage against the Glazer family and owners of the other clubs involved.
Co-chairman Joel Glazer apologised in April over United’s role in the failed ESL and has appeared at two fans’ forums since the debacle to try and foster a better relationship with supporters, as well as agreeing to set up a new fans’ advisory board.
Manchester United – owned by Avram (left) and Joel (right) Glazer – are in advanced talks with the club’s supporters trust to set up a fans’ share scheme
Supporters were enraged after the club’s involvement in the failed European Super League
The share scheme is seen as the most significant gesture by the Glazers to improve relations with supporters, not least because it would involve a new class of fan shares each with the same high-vote rights as the B shares held by the Glazer family.
A club statement read: ‘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.
‘This would give fans a strong collective voice within our ownership structure and help cement a new spirit of long-term partnership between fans and the club.
‘There are significant legal and regulatory complexities being worked through, together with MUST and expert advisers.
‘As well as making progress on the fans’ share scheme, we are also creating a fans’ advisory board as a new channel for board-level dialogue with supporters and this is close to launch.’
United are attempting to build bridges with fans by offering a ‘meaningful ownership stake’