The government will not intervene in a takeover bid for Manchester United by Tampa Bay Buccaneers owner Malcolm Glazer.
Glazer has renewed his bid for United after his first offer was turned down. Manchester United fans have vowed to fight the takeover, and a militant supporters group has even gone as far as issuing threats to Glazer.
The Department for Trade and Industry was asked to look into the takepover bid in the hope that it could be blocked, but the department said Friday this was not for the government to decide.
“We don’t believe there is a case for changing the Enterprise Act to allow for takeovers of football clubs to be looked at on noncompetition grounds,” the statement said.
Glazer owns 28.1 percent of the club and is its second-largest shareholder.