Football

Confirmed: Eastern United bid rejected

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Manchester United are not subject of a takeover bid, according to the president of Qatar.

Reports had emerged that the Qatar Investment Authority were ready to bid £1.6 billion for the club after they were recently placed on the Singapore Stock Exchange.

However, these have since been rubbished by Sheikh Hamad bin Jassim bin Jaber Al Thani, who was quick to reject reports that he'd been in London to discuss a deal for United.

 

"That's not true," said Sheikh Hamad.

"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."

Reports suggest that the United owners, the Glazer family, are trying to sell off as much as 25% of the club to eventually assist in paying off the club's substantial debt.

United spent in excess of £50 million this summer on Ashley Young, Phil Jones and David De Gea to bolster their squad ahead of the new season.

Topics:
Football
Phil Jones
Premier League
Manchester United
Ashley Young
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