Glazer family quashes sale speculation

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The Glazer family have confirmed their commitment to Manchester United and insist they have no interest in selling the club.

United’s owners made a short statement to accompany the release of second quarter financial results, in response to growing speculation about a massive offer for the club from the Qatar Royal Family. It has always been stressed the Glazers view their United status as long-term, a point they are keen to emphasise.

“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,” said the statement.

“No discussions have taken place, Manchester United is not for sale and the owners will not entertain any offers.”

Whether the statement has any effect remains to be seen. A similar message accompanied their first quarter results but had little impact. Even a statement from the Qatar Holdings investment vehicle last week insisting there were no plans to launch a buy-out failed to halt the rising price of the bonds issued by United to raise £500 million.

It is widely assumed the Glazers would sell if they were offered an astronomical sum. A figure of £1.8 billion has been mentioned, which would be more than twice the sum the Glazer family paid for the club five years ago.