Manchester United not being taken over
Manchester United have ruled out a Manchester City-style takeover of the club by Qatar Holdings.
Reports in the British press over the weekend claimed United were set to become the subject of a £1.5 billion bid. The deal would have ended the Glazers' turbulent five-and-a-half-year spell at the club, and enhanced Qatar's growing influence over major footballing competitions following their acquisition of the 2022 World Cup.
Qatar Holdings is reported to boast assets in the region of £40 billion, meaning a takeover would allow United to operate on a similar transfer plan implemented at neighbours City by Sheikh Mansour.
Sections of the United crowd have waged a lengthy protest against their current owners, believing the Glazers have used to club to absorb their own debts. However, the £240 million payment-in-kind loans have recently been paid off, sparking suggestions that an operation such as Qatar Holdings had already got a foot inside the Old Trafford door.
All speculation was ended by United communications director Phil Townsend though, who insists the club is not for sale.
"There is nothing in this," he told the Manchester Evening News. "The club have had no approach at all and it is not for sale."