Louis Edwards

Edwards first met Matt Busby in 1950, as they were introduced by a mutual friend. From the mid 1950s he was an investor in Manchester United and joined the club's board of directors the day after the Munich air disaster in February 1958 and bought ten shares worth £1 each. He became vice-chairman in December 1964 and club chairman in June 1965 upon the death of Harold Hardman, overseeing United's success in winning the Football League First Division in 1967, finishing runners up in 1968, and the European Cup on 29 May that year. By the early 1970s Edwards was the majority shareholder at the club. The upgrade and development of Old Trafford occurred under his chairmanship, including a new cantilever stand, ringed by theatre style executive boxes. Other stands and restaurants were added, with relatively modern training facilities.

Edwards was elected to the Football League Management Committee in 1968 and served for four years. He stood down to make way for Busby.

On 5 February 1979, he sold his business to James Gerald Gulliver of Argyll Foods for £100,000.[3] The deal also included a 16 per cent stake in Manchester United for Gulliver, who became a vice-president of the club.[4] Edwards retired from the business world apart from his four-days-a-month consultancy position for Gulliver.[5] He devoted his full-time commitments towards Manchester United and was at Old Trafford most days. Initially, Edwards' business retained the name Louis C. Edwards and Sons but changed its name in October 1980. Gulliver bought 500,000 of the family's shares at 5p each.[6]

An investigation by the Granada Television/ITV investigative journalism series World in Action was broadcast on 28 January 1980. Compilation of the programme began in February 1979. It alleged there were illegal share deals involving large cash payments and false documentation, secret cash payments to council and company staff to win contracts for his business, and secret payments by United from a special fund for inducements to sign footballers throughout the 1960s and 1970s.[7] In one case in the early 1960s, it was alleged that a bribe of £5,000 was paid to the parents of Peter Lorimer, a promising young player whom the club had wanted to recruit. The bung was in fact later returned when the player chose Leeds United instead though this was a clear breach of football association rules.[8] The programme explained how Edwards quietly acquired his majority shareholding at Manchester United in the early 1960s and then bolstered his family's holding in the late 1970s in prepaparation for the controversial rights issue.[9]

In 1966, a report by Manchester Council complained of the bad supplies they were getting and said the firm delivered the worst meat to the poorest parts of the city. In 1978 the company was fined under the Food and Drugs Act for poor quality and excess fat in the meat supplied for Cheshire County Council's schools.[10]

On 29 January, Edwards said: "My conscience is clear. I have nothing to be ashamed of. I am proud to be chairman of this great club and I have only wanted the very best for it".

On 12 February, Manchester Police said they were going to investigate the allegations made against both Louis Edwards and Manchester United.