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Man U: Owners will not entertain offers for club

Man U: Owners will not entertain offers for club

Manchester United's owners insisted Friday that they will not listen to any offers for the Premier League club.
The statement came as United delivered a quarterly update on its financial results at the end of a season marked by fan protests against the Glazer family.
Green-and-gold scarves have been adopted by fans furious at the high level of debt they claim is hampering the club's ability to compete in the transfer market.
And a group of financiers calling themselves the Red Knights have joined forces with the Manchester United Supporters' Trust to put together a bid to buy out the Glazers.
But after three months of posturing, the Red Knights are yet to submit a bid _ and the Glazers insist any takeover bids would be rejected. Last year, they are believed to have rebuffed a 1.5 billion-pound ($2.2 billion) offer from a Qatari group.
"The board noted recent press speculation regarding a possible bid for Manchester United," read Friday's statement from the United board. "The owners remain fully committed to their long-term ownership of the club. Manchester United is not for sale and the owners will not entertain any offers."
The supporters' trust questioned why the Glazers addressed the issue.
"If the club really isn't for sale why would they need to say anything at all?" MUST chief executive Duncan Drasdo said. "Why are they so concerned about telling everyone they don't want to sell? If they don't want to sell they can simply reject any offer. It sounds like the gentleman doth protest too much.
"The Glazers are clearly panicking over the powerful Green and Gold campaign, the growing opposition among supporters and the threat of a mass non-renewal of season tickets from supporters."
The financial results for the three months to March 31 revealed debts of 520.9 million pounds _ a figure that does not include more than 200 million pounds of high interest loans, which will not be repaid until 2017.


Updated : 2021-07-28 23:26 GMT+08:00