F.C. United of Manchester a name. On 14 June 2005, it was announced that "F.C. United of Manchester" had been chosen, beating "A.F.C. Manchester 1878", "Manchester Central", and "Newton Heath United", and F.C. United were officially registered with the Manchester County Football Association on the same day. Karl Marginson was appointed as the club's manager on 22 June, and the club held trials for players four days later. Around 900 players applied to take part in the trials, of whom 200 were chosen to take part and 17 selected to play for F.C. United. Jonathan Mitten, great-nephew of Manchester United forward Charlie Mitten, was
Glazer ownership of Manchester United 98% ownership of the club via their Red Football parent company, forcing a squeeze out of the remaining 2%. The final purchase price of the club totalled almost £800 million. Most of the capital used by Glazer to purchase Manchester United came in the form of loans, the majority of which were secured against the club's assets, incurring interest payments of over £60 million per annum. The remainder came in the form of PIK loans (payment in kind loans), which were later sold to hedge funds. Manchester United was not liable for the PIKs, which were held by Red Football