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Manchester United adamant club not for sale

Man U poured cold water on the chances of its unpopular American owners selling the club.



London: Manchester United poured cold water on the chances of its unpopular American owners, the Glazer family, selling the club as it announced increased earnings in the first half of its financial year.

The club, currently top of England`s Premier League, has been linked with a takeover by Qatari investors while a group of wealthy supporters called the Red Knights were looking at making an offer before putting the plans on hold last year.

However, in a statement announcing its quarterly results, the club emphatically denied that a takeover was on the cards.

"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," the club said in a statement.

Earlier this month, Qatar Holding denied having held talks with the club.

Manchester United, which is the most successful club in the history of the Premier League, said Friday EBITDA (earnings before interest, tax, depreciation and amortisation) rose by 3.2 percent to 60.6 million pounds in the six months to end December.

Revenue grew by 8.2 percent to 156.5 million pounds.
Bureau Report

From Zee News

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