to implement a mandatory buyout of all remaining shares, according to UK Law. Shareholders United came under much criticism at the time, because many fans felt that by joining they would guarantee the safety of their shareholding as Shareholders United had enough shares under its control to allow shareholders to keep their stake, but instead they agreed to sell to the Glazers instead of holding out. Name change Due to the delisting of Manchester United from the London Stock Exchange, and to reflect its essence as a supporters' trust, Shareholders United changed its name to the Manchester United Supporters' Trust. In 2006 the organisation became an industrial and provident society. Though it is recognised by Supporters Direct as the official Supporters Trust for Manchester United, the Manchester United Supporters' Trust is wholly independent from Manchester United, and is in no way directly connected with the club or its owners. References External links Independent Manchester United Supporter's Trust Manchester United F.C. Supporters' trusts