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Manchester United insist club is 'not for sale'

Mon 24th Jan 2011 | Clubs Ownership

Manchester United have played down speculation that they have held talks with a Qatari consortium over a possible buyout of the club.

Reports circulating linking the Glazers and Qatar Holding – an investment group controlled by the Qatari royal family – suggest that the club is close to agreeing £1.5bn takeover of the club.

However, officials at Manchester United were quick to play down the speculation reiterating the Glazers stance that the 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 Glazers who bought the club for £800m in 2005 are said to be willing to listen to offers in the region of £2bn. Discussions are said to have foundered because of the asking price.

The Glazers ownership of the club has been beset with troubles and fans set up the Green & Gold campaign aimed at voicing their anger about their family’s ownership of the club.

 

A failed attempt to buy the club by a consortium called the Red Knights who were said to be offering £1bn showed the Glazers resilience to selling the club.

 

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