According to the latest reports, Qatar Holdings are set to complete a £1.6 Billion takeover of the world’s biggest club. The Glazer Family are expected to finally sell Manchester United, after years of pressure to pack-up after they plunged the club into £750 Million of debt. United have denied reports, but sources within the club have said otherwise…
The Daily Express have gone with the story that the Qatari Royal Family are on the brink of buying The Glazer Family out of the club for a rumoured £1.6 Billion. It is believed that the unpopular Americans have agreed, in principal, to sell their majority stake in United, with the oil-rich Arabs boosting their bid with an extra £100 Million over the last few weeks to tempt The Glazers to pack their bags for good.
The Qataris ‘wont take no for an answer’, with a source close to the deal telling newspapers: “The deal is pretty much done and they are only haggling over details.” According to The Express, The Red Devils much-anticipated derby clash with Manchester City – owned by oil-rich Arabs – could be the last game that United play under American ownership.
However, communications director Phil Townsend told BBC Sport that the club is not for sale. Old Trafford has taken this line over the past few months of takeover speculation, but the deal is said to be going ahead not matter what spokespeople tell the media. “There has been no approach and one would not be welcome because the club is not for sale…”
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