The 2003 dispute over the racehorse Rock of Gibraltar, co-owned by Manchester United manager Sir Alex Ferguson and shareholder John Magnier, escalated into a bitter legal battle that forced Magnier and fellow shareholder JP McManus to sell their 28.9% stake in 2005, paving the way for the Glazers' takeover and the club's subsequent billion-pound debt crisis.
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How Ferguson Caused United's Billion Dollar Debt #manchesterunited #premierleague #siralexfergusonAjouté :
They're racehorse.
And Sir Alex Ferguson leads to the Glazers both owning and destroying Manchester United. The men jostling for Manchester United. On one side, manager Sir Alex Ferguson. On the other, John Magnier, the club's major shareholder.
Once good friends. And you know, this fellow is a very bright man, you know?
He should be your prime minister.
Now torn apart by a bitter row.
A row over who owns this horse.
>> A horse. And this is Rock of Gibraltar.
>> Yeah.
Potentially worth around 270 million pounds. Um it is a shame what's happening, but it's an awful lot of money. It's incredible that Manchester United, a club the size that they are, are being diminished. But it's scandalous.
>> No sign of any kind of truce anytime soon.
You have to wonder why.
They're attacking my family, you know?
What is the truth?
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