Football: Sky put transfer reins on Ferguson
Wednesday 07 October 1998
The satellite television company's ongoing attempt to gain control of the Old Trafford club will be concluded some time between 26 October and 4 December. In the meantime, any financial deals worth more than pounds 1m must be referred to the TV company for approval.
Under normal circumstances, United would have been allowed to make no deals at all, but BSkyB has voluntarily agreed to waive its veto rights up to the pounds 1m mark. Their action has been hailed as "fairly unusual" by Peter Lee, deputy director-general of the takeover panel.
United's three principal buys of the summer - Jesper Blomqvist, Jaap Stam and Dwight Yorke - cost more than pounds 27m between them, so the leeway is not a great deal in terms of football.
"BSkyB has no interest in preventing the successful running of Manchester United either during the offer period or once the acquisition is completed," said a company spokeswoman.
Latest in Sport
Cristiano Ronaldo: Unhappy forward is ready to quit Real Madrid, according to Angel Di Maria
Commonwealth Games 2014: Australia launch Glasgow swimwear - but are criticised for drawing attention to the 'crotch' area
Borussia Dortmund vs Arsenal: Jurgen Klopp concerned with Dortmund injuries and praises signings of Danny Welbeck and Alexis Sanchez
Hull City vs West Ham match report: Enner Valencia stars as honours shared at the KC Stadium
Cristiano Ronaldo to Manchester United: Ramon Calderon claims Real Madrid star is 'fed up'
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Lego breaks out of the toy box and heads for the gallery
- 4 Julian Assange and Edward Snowden join piracy mogul Kim Dotcom’s political campaign in New Zealand
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
£400 Per Day: Clearwater People Solutions Ltd: Our client are currently seekin...
£21000 - £35000 per annum: Randstad Education Cambridge: Secondary supply teac...
£100 - £110 per day: Randstad Education Group: Full time German Supply Teacher...
£45000 Per Annum: Clearwater People Solutions Ltd: Our client based in Chelmsf...