Search: Look for:   Last 1 Month   Last 6 Months   All time

Glazers family all set to sell Manchester United

London , Wed, 22 Dec 2010 ANI

London, Dec 22 (ANI): The Glazers family will sell Manchester United and there is no doubt about it, according to a top official.

 

The news has now opened the door for the Qatar royal family, headed by Sheikh Hamad bin Khalifa Al Thani, who have targeted United in a 1.5 billion dollar deal.

 

Old Trafford non-executive director Mike Edelson said: "It's no secret that, at some time, the family will sell."

 

Edelson's comment is the first clear indicator the Glazers will listen to offers for United, which they have plunged into debt. Having bought the Premier League giants for 790 million pounds five-and-half years ago, the owners now stand to double their money.

 

The Sun quoted sources as saying that the Glazers are ready to sell after they paid off 252 million pound of the 752 million pound of debt they saddled the club with.

 

One top city source said: "The belief is that they have already brought in extra finance from a third party in a bid to set the club up for a sale."

 

A Middle East football finance expert, meanwhile, told SunSport that Qatar Holdings - the business arm of the country's royal family - have been hovering around United waiting to buy. (ANI)

 


Read More: East Godavari

LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.