Source: Team_Talk
Qataris issue United denial
The Qatar Investment Authority's executive chairman has denied reports linking them with a £1.6billion takeover bid for Manchester United.[LNB] Permission was granted last week for United to launch a floatation on the Singapore Stock Market, allowing the club to open dialogue with potential investors.[LNB]The development fuelled discussion about the future ownership of United, with reports suggesting that Qatar prime minister Sheikh Hamad bin Jassim bin Jaber al-Thani was in London to negotiate a £1.6bn purchase of the club.[LNB]Sheikh Hamad, who is also Qatari royalty and executive chairman of the QIA, says he has no interest in assuming control of the Premier League club.[LNB]"That's not true," said Sheikh Hamad in an interview on the Qatar-owned Al Jazeera channel. [LNB]"We announced a few weeks ago that we did not negotiate that. A lot of people talk about 'Qatar now will buy this, they will pay that.' This also makes the price good for anything that will be sold." [LNB]The precise details of United's plans were not announced when their planned floatation was given the go-ahead, although it is thought the Glazer family are looking to sell 25% of the club, which they hope will net them £600million.
