Unpopular Glazers vow to hang on to Man U for the long-term
February 26th, 2011 - 12:18 pm ICT by ANILondon, Feb.26 (ANI): The Glazer family has confirmed that they have no in selling Manchester United.
Though there is growing speculation about a massive offer for the club from the Qatari Royal Family, the largely unpopular Glazer regime has stressed that they view their United status as long-term, the Daily Mail reports.
“The board notes recent press speculation regarding a possible bid for Manchester United. 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 Glazer family said in a statement.
For the record, Manchester United’s debt has fallen from 512.5million pounds a year ago to 489.4 million pounds on December 31, 2010.
In the six months of the year so far, the commercial arm of the club has generated an incredible 50.4 million pounds, having secured a succession of new ‘partnerships’, the latest with global logistics company DHL.
It is now virtually certain United will this year become the first football club to crash through the 100 million pound barrier for commercial revenue alone. (ANI)
- Qatar Amir close to buyung Manchester United - Feb 11, 2011
- Qatar made a $2.4 billion bid on Manchester United - Feb 26, 2011
- Treble hopeful Man U using mollah to pay owners' debts - Mar 23, 2011
- Red Knights give up dream to buy Man U - Jun 02, 2010
- Qatari royal family to make fresh 1.5 billion pound bid for Man U - Feb 25, 2011
- Man U fans livid over likely soaring of debt to extra 75-mn pounds - May 19, 2010
- Red Knights not to offer more than 1-bn dollars to Man U owners - May 11, 2010
- Man U's American owners to pay off PIK loans - Nov 16, 2010
- Glazer Family rules out selling Manchester United - Mar 02, 2010
- Man U registers record loss of 83.6 million pounds - Oct 09, 2010
- 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
- Fergie agrees in principle to sign whizkid Rodwell for 25 million pounds - Mar 13, 2011
- 'US-based Man U owners forced to pay debts without using club funds' - Nov 17, 2010
- Man U denies it has received a bid offer from Qatar - Jan 24, 2011
Tags: 100 million, commercial arm, daily mail, december 31, football club, glazer family, global logistics company, london feb, manchester united, months of the year, partnerships, pound barrier, regime, royal family, six months, speculation, succession, vow