Glazer ownership of Manchester United Glazer ownership of Manchester United Manchester United Football Club is an English football club based in Old Trafford, Greater Manchester. The club was formed as Newton Heath LYR Football Club, the works team of the Lancashire and Yorkshire Railway depot in Newton Heath, in 1878. The club split from the railway company in 1892 and remained under private ownership for almost 100 years, changing its name to Manchester United after being saved from bankruptcy in 1902. The club went public in 1990 and was the subject of takeover bids from property trader Michael Knighton and Rupert Murdoch's BSkyB corporation before
Manchester United F.C. in European football becoming the first English side to do so. Following their league title win the previous season, Manchester United first competed in European football competition in 1956–57. 1954–55 Football League winners Chelsea had been denied the opportunity to take part in the inaugural European Cup by The Football League's chairman Alan Hardaker, who feared that European football would damage the integrity of the English game. However, Matt Busby, the manager of Manchester United, was a forward-thinking man and was determined to have his team compete on the European stage. With the backing of The Football Association's chairman, Stanley Rous (who would