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Wed 04 Apr 2003Club play down talk of takeover
Manchester United Profits: Manchester United plc played down talk of a takeover from its host of high-profile investors yesterday as it reported a 34 per cent drop in half-year profits due to lower player sales.
The club, which remains the richest in the world, counts Irish businessmen JP McManus and John Magnier as its largest shareholders. A company owned by the duo raised its holding in Manchester United to 10.37 per cent earlier this month, giving rise to fresh takeover speculation. Fellow Irish financier Dermot Desmond is believed to own a 1.5 per cent stake.
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