[Moscow 333]

а вот и новое заявление Shareholders United

Shareholders United: IMPORTANT - YOU MUST READ THIS

IT IS NOT THE END, IT IS NOT EVEN THE BEGINNING OF THE
END..................

Make no mistake, Malcolm Glazer's takeover of Manchester United is a hostile one. Unwanted and unwelcomed by fans, Board, manager, players and almost everyone connected with the club. This much is totally clear, not least in the reaction of fans from all over who have joined SU in recent days, more than 3,000 have signed up since last Thursday - smashing all previous records. We have been inundated with offers of help and money, our website, switchboard and helpdesk swamped with enquiries, applications and encouragement.

If Malcolm Glazer and his bankers are sitting back thinking that they have won and that everything will fall into their hands, that resistance will fade away.......well they don't have a clue about the people of Manchester and Manchester United fans in particular. Don't they understand that - we'll never die, we'll never die?

Be assured that in the next few days, you will hear about the next steps being taken to ensure that Malcolm Glazer's tenure in possession of our club is as brief as possible, both from SU and from the wider Not For Sale coalition. In particular, plans for peaceful protest at Cardiff nave been discussed and the announcement will be made on Thursday - but black will be the theme, to mark the passing of our club temporarily into the hands of a unwanted predator.

BLOOD, TOIL, TEARS & SWEAT.............

Malcolm Glazer will be applying to de-list United from the Stock Exchange as soon as possible, perhaps 3 weeks from the offer document being posted to shareholders. This is expected tomorrow at the earliest, and all documents relating to the offer must be made available for inspection (probably in London at the offices of Allen & Overy, legal advisers to Glazer - check the offer document for details when it arrives).

Members are encouraged to exercise their right of inspection as often as they feel they need to fully understand the complex offer documentation. Please remember to form an orderly queue and smile for the cameras.......

And don't forget, Malcolm has to call a Extraordinary General Meeting to take the company private and leverage the company's assets. Given the pressure he is under from his bankers and the hedge funds that have granted him hideously expensive loans to take him to 75%, he will want to call that EGM quickly. If at that time there is a minority stake big enough to resist compulsory purchase of the minority by Glazer, then the EGM could be an interesting and lively affair, with thousands of angry and frustrated supporter-shareholders making their valid points to Malcolm and his cronies and placemen.

DON'T LET'S KILL ALL THE LAWYERS JUST YET...............

Once the shares are de-listed, the only buyer out there is Glazer under his mandatory offer. So there will come a point in the near future when we will be advised or forced to stop making share purchases. Up until that point, we intend to continue to buy shares with the funds deposited for the purpose by our members and from cash donations, in order to ensure that we achieve the minimum % thresholds to allow us to take legal action to (i) prevent Glazer from taking the company private or (ii) prevent him leveraging the plc's assets, and (iii) to prevent a compulsory minority buyout.

An announcement will be made concerning these thresholds and the viability of legal actions once we have completed our consultations with our legal advisers and received the results of our survey of individual shareholders which was sent out 10 days ago.

FROM THE ASHES, THERE AROSE A PHOENIX.................

What happens after we can't buy any more shares?

We are asking our members to continue contributing money towards a realistic and achievable plan to bring about the end of Glazer's temporary possession of Manchester United and the future ownership of the club by its supporters. How?

At the point where we cease to make share purchases we intend to hold cash contributions in the SU Share Scheme bank account while we go through the procedures required to set up a new vehicle - a dedicated high interest investment savings account. This account will retain members funds (allocated to each member according to contributions and paying interest to
each member) and build up a war chest which can be used to buy back Manchester United (hopefully at a knock down price) when Glazer chooses to sell out or is forced to do so buy his backers calling in the loans. So please do not stop your standing orders, contributions or donations - we will be amending the details on our application forms (both online and paper) to reflect this alternative option.

This is still at the planning stage and full details are not yet available Members contributing cash will, of course be entitled to withdraw their cash (net of any charges as normal) at any time. We are in discussions with our bankers and with fund managers about setting this fund up in the near future and we will advise members in due course. We should make it clear that we are not giving our members any financial advice on this plan and if in any doubt, consult your financial adviser. As we have done with the share scheme, SU intends to continue to act responsibly and prudently with our members' funds.

The 'working title' for this fund is 'The Phoenix Fund' because we hope it will be there to rebuild Manchester United from 'the ashes'. It is quite possible that the Fund will hold very significant sums, as it is a serious option to ask any shareholders, who choose to sell or are forced to sell their private shares, to invest the proceeds of the sale into the Phoenix Fund. Small shareholders in Manchester United hold around 18% of the
company right now - this stake is worth ?140 million pounds at Glazer's offer price. We think we can attract a significant portion of that stake towards the Fund. With growth through interest, fundraising and new contributions plus the option to leverage these funds with friendly financiers like Nomura, it could have some real financial punch.

Not only would we be forcing Glazer to borrow to the maximum to buy us out, we would be using his money to buy the club back. This has a pleasurable irony for fans who today feel helpless in the face of his predatory aggression - well here is a chance to use Glazer's money against him and recover our club to its rightful owners - the supporters.

SU Board

я просто не справляюсь с потоком переводов, так что если найдется желающий помочь, то спасибо ему заранее. пишите - отвечу быстро. плз не предлагайте сделать это на следующей неделе. все меняется несколько раз в день. все нужно делать быстро.