Man U Fans Are Seeing Red

Sometimes even the best teams can suffer shocking defeats on home turf. Manchester United discovered that last week when Malcolm Glazer, a U.S. sports magnate, took a majority stake in the publicly traded company that owns the famous English franchise.

It was the climax of a protracted battle that has pitted Glazer, who owns U.S. football's Tampa Bay Buccaneers, against Man U's board and thousands of its fans. But Glazer, who already owned almost 29% of the team's stock, persuaded two Irish racing millionaires to sell him their 29% stake for $5.60 per share. Several other big...