Qatar bid for Manchester United reported but club not for sale, insist the Glazers

20 December 2010 11:20
The Glazer family have dismissed reports of a £1.5bn takeover bid from mega-rich Qatar, insisting that they have no interest in selling Manchester United. [LNB]Qatar Holdings, owned by the Qatari royal family, holds a massive portfolio of worldwide investments, including prestigious London department store Harrods, and United has been reported as the next target on their list of iconic acquisitions. [LNB] An offer of £1.5bn would double the original investment made by the Glazers in the club in 2005, and would leave the club debt-free. [LNB] Hate figures: The Glazers remain hugely unpopular at United[LNB] The Americans remain hugely unpopular at Old Trafford, with fans arguing that the millions paid out every year to pay off interest accrued by the Glazers during their buy-out limits United's spending power. [LNB] Any Qatari takeover would leave the club with an enormous transfer war-chest to compare with the seemingly bottomless funds available at local rivals Manchester City, made available by Abu Dhabi oil billionaire Sheik Mansour. [LNB]Fresh from winning the rights to stage the 2022 World Cup, Qatarrecently agreed a world-record deal to become Barcelona's first evershirt sponsors.[LNB]Splashing the cash: The Qatar Foundation, established by Qatar's emir, has agreed to a huge deal to become Barcelona's shirt sponsors[LNB] Qatar Holdings is also behind high-profile London property investments including the Shard, One Hyde Park and the US Embassy in Grosvenor Square. United would meet their criteria of making iconic acquisitions. [LNB]United supporters' group the Red Knights were earlier this year unsuccessful in their plan to tempt the Glazers to sell the club, despite a figure of £1bn being mooted. [LNB] Qatar's extraordinary wealth may prove harder for the Glazers to resist, should there be a serious offer. But a spokesman for the Glazers said: 'There has been no approach and it would be irrelevant anyway because they do not want to sell.' [LNB] Wantaway City captain Tevez begs United boss Fergie to take him back Sportsmail celebrates longest-serving United boss Fergie through the yearsSo why was Chelsea's game with United postponed 27 hours earlier? MANCHESTER UNITED FC

Source: Daily_Mail