Will Power

Monday, January 24, 2011

United Deny Sale Talks

Manchester United have again insisted the club is not for sale after denying they were holding talks with a potential interested party.

Reports on Sunday claimed United were in talks over a possible £1.5billion deal to sell the club to Qatar Holding.

Qatar Holding, who bought Harrods last year, is an an indirect subsidiary of Qatar Investment Authority and is run by Sheik Hamad bin Jassem bin Jabr Al Thani, Prime Minister of Qatar.

The reports claimed that United's current owners, the American based Glazer Family, had opened talks with the group but the deal failed to materialise as they were seeking £2billion.

But United have denied the reports, again insisting club is not for sale.

"There has been no approach of any kind to buy the club and one wouldn't be welcome anyway because it is not for sale," a spokesman said.

The Glazer Family bought United in 2005 for £790million.

0 Comments:

Post a Comment

<< Home