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Saturday, February 26, 2011

Glazers brush off Qatar takeover talk

By Robin Scott-Elliot, Sports News Correspondent
Saturday, 26 February 2011
Manchester United supporters protest against the club's American owners

Manchester United supporters protest against the club's American owners
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The Glazers have dismissed reports that they are preparing to sell Manchester United to the Qatari royal family, using the release of the club's second-quarter financial results to issue a statement saying they remain "fully committed to long-term ownership".
It is the second time in less than a year that United's American owners have made such a claim, but it is unlikely to quell mounting speculation that a sale to Qatar Holdings is on the horizon. It has seen the value of United's bonds climb to record levels in recent weeks, but the Glazers are unlikely to sell unless offered a huge sum, estimated at between £1.5bn and £1.8bn, and the current figures do not make that a realistic price.
The statement said: "The board notes recent press speculation regarding a possible bid for Manchester United. The owners remain fully committed to their long-term ownership of the club. No discussions have taken place, Manchester United is not for sale and the owners will not entertain any offers.