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MANLY's majority shareholder, Rick Penn, claimed on Monday he would be "gutted" if the Sea Eagles lost star back rower Glenn Stewart.
And, Penn added: "It would kill me."
Manly officials and Stewart's manager, Mike Newton, are due to hold a crucial meeting today with the club yet to make an offer to the NSW and Australian back-rower after seven months of negotiation.
Stewart fears he will be shifted out of Brookvale.
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Loyal fans continue to email The Daily Telegraph offering their own money to retain Stewart.
Manly general manager David Perry is under growing pressure to re-sign Stewart.
Penn said his club must do its "very best" to retain Stewart, a favourite among the senior playing group.
A number of clubs — including Souths, St George Illawarra and Parramatta — have been linked to Stewart.
Manly is struggling to find room for Stewart in the salary cap due to back-ended deals and contract upgrades.
"It killed me to lose 'Kitey' (Brent Kite), it would also kill me to lose Glenn," Penn told The Daily Telegraph.
"I really was gutted when 'Kitey' had to leave, but I would be more gutted to lose Glenn.
"He is the glue at our club. The club must do their best to keep him.
"I am a huge supporter of Glenn. It's up to the coach (Geoff Toovey) and his staff to work out the team and salary cap.
"We will support Geoff any way we can."
Manly's Glenn Stewart at Narrabeen Sports Centre. Source: News Corp Australia
Penn spoke passionately yesterday about how the NRL should alter its rules and allow ten-year player to have some salary cap exemptions.
Stewart is currently in his 12th season as a Sea Eagle.
"After 10 years at one club there should be some special recognition," Penn said. "Clubs shouldn't be disadvantaged for goodness sake.
"We should be honouring these players and acknowledging them. They (NRL) have got it all wrong.
"The NRL should treat their senior players better because they are the mentors of the game.
"We have to play by the rules and we do. It's about good governance.
"Glenn is the glue at Manly, so is Jamie Lyon. You don't get better people. Anthony Watmough, Brett Stewart, Jason King.
"They play for each other and have taken lighter salaries over the years to keep the club together They are outstanding people, upstanding role models.
"You shouldn't lose players like this because of the salary cap."
Generous fans are trying to help Manly.
"I'm one of those members and fans who would be more than happy to contribute financially if it would help keep one of our all-time favourite players," wrote Mike Beach.
"Glenn is not only a great player but is also a great team member."
Stewart was concussed in the win over Sydney Roosters and may not be cleared to play Sunday's match against Wests Tigers at Leichhardt Oval until Saturday's captain's run.
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