Tampa Bay Buccaneers owner Malcolm Glazer has increased his holding in Manchester United.

Glazer has bought 1 million more shares in the club, raising his share in the English soccer club to 16.69 percent.

Glazer has gradually increased his holding in Manchester United since last October. His purchases along with those of Irish racehorse owners J.P. McManus and John Magnier (who own 28.89 percent), have increasedthe share price of the club to 265 pence.

If an y individual or group owns 30 percent or more of the club, they will be required to make a formal takeover bid.