Qatar made a $2.4 billion bid on Manchester United
February 26th, 2011 - 12:12 am ICT by Aishwarya BhattLondon, Feb 25 (THAINDIAN NEWS) Qatar is determined to get noticed before it hosts the FIFA World Cup in 2022.
After completing a $218 million deal to have their name on the shirt of FC Barcelona, Qatar is reportedly in negotiations to take over probably the biggest club in England, Manchester United. The reports claim that Qatar is ready to splash $2.4 billion in the deal that would see them take ownership of the club. The Arab country initially had an offer of $1.6 million rejected by the owners of Manchester United.
The club is owned by the Glazer family. Malcolm Glazer purchased the club in 2005. They currently have 100% ownership of the club and have previously stated categorically that they would not be selling the club. They have also denied any approach from Qatar.
The Daily Mail however reports that the supporters of the club are putting pressure on the Glazer family to sell off the club. The supporters are reported angry at the way that the club was acquired by Malcolm Glazer.
Manchester United was recently valued at $1.9 billion by Forbes. By Forbes standards Manchester United is the richest club on the planet.
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- Unpopular Glazers vow to hang on to Man U for the long-term - Feb 26, 2011
- Glazers family all set to sell Manchester United - Dec 22, 2010
- Man U owners Glazer family denies meeting Red Knights - Apr 15, 2010
- Man U fails to sell all season tickets for first time in a generation - Sep 02, 2010
- Treble hopeful Man U using mollah to pay owners' debts - Mar 23, 2011
- Man U fans livid over likely soaring of debt to extra 75-mn pounds - May 19, 2010
- Man U denies it has received a bid offer from Qatar - Jan 24, 2011
- Qatar sheikhs may launch Man U buy-out bid - Jan 17, 2010
- Manchester United rated as richest club in world - Jul 22, 2010
- Manchester United voted most popular club - May 29, 2012
- Glazers have done their job well: Ferguson - Jul 29, 2010
- Man U owners' plan to leave club in 54 million pound shock - Jan 25, 2010
- Glazer Family rules out selling Manchester United - Mar 02, 2010
Tags: 6 million, arab country, daily mail, england manchester, fifa world cup, forbes, glazer family, glazer manchester united, london feb, malcolm glazer, negotiations, splash 2