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Qatar Holdings making £2 billion takeover plans for Manchester United

by Will Swanson. Published Tue 14 Jun 2011 22:00, last updated: 14/06/11
Qatar Holdings making £2 billion takeover plans for Manchester United
Qatar Holdings making £2 billion takeover plans for Manchester United

Qatar Holdings are reportedly planning a £2 billion takeover of Manchester United.

The People claims Qatar Holdings, the business arm of the country’s ruling royal family, are financing United’s summer spending which is expected to be around £125 million.

It is argued that United’s owners, the Glazer family, who bought the club for nearly £800 million in 2005, do not have the financial capability to fund that level of transfer spending.

Qatar Holdings, a division of the Qatar Investment Authority, is believed to have had a £1.5 billion offer turned down last year.

Rumours in the financial world suggest that a third party – thought to be the Qataris – may have in any event provided a £250 million loan to the Glazers late last year.

That move, if believed, could be the forerunner to a full-blown takeover bid, which may be £2 billion, the figure at which the Glazers are reckoned to value the club.



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"glazers were stupid 2 buy united in the first place they took up a loan to by the club idiots.also utd are finally have spending power" daniel, rochdale around 3 years, 1 month ago

"Qatar holdings pls buy man utd claer the debt." edem eyo ephraim, calabar around 3 years, 1 month ago

"yer clutching at straws now whose going to giva a loan of 250mil and subsadise transfers to the tune of 100mil plus before bying its a dream" tom, irl around 3 years, 1 month ago

"hope this is true wea need to get them monney grabing yanks out r club asap " woody , blackburn around 3 years, 1 month ago

"if it's true united will be way ahead of the pack again aslong as the Qataris have the club @ heart before anything else" nasief, cape town around 3 years, 1 month ago

"Why would someone lend you money to improve a team they want to buy thus increasing its price, these guys may be rich but they ain't stupid." jim, uk around 3 years, 1 month ago

"Why would someone lend you money to improve a team they want to buy thus increasing its price, these guys may be rich but they ain't stupid." jim, uk around 3 years, 1 month ago

"ya we need funds to strengthen our beloved club.we offer the best hop against a seemingly invincible barcelona" chris, harare,zimbabwe around 3 years, 1 month ago

"I was driven by the Crown Prince`s Personal Driver last week(fact with photo proof) and he assured me that a £2 Billion Bid is in." Dan R, S.E. London around 3 years, 1 month ago

"Qatar holdings please buy our beloved club the glazer family taking sport for bussiness, glazers are failures we shud nt b n ths debt" elijah, harare zimbabwe around 3 years, 1 month ago

"can,t wait for the Glazer's to pack out." sam, Ghana around 3 years, 1 month ago

"BOLLOCKS...I've been hearing this for ages." ashneel99, Theatre Of dreams around 3 years, 1 month ago

"If the Qatar holdings love football I wish them to take over Man United. Sport, espicially, football is not for bussiness." vl chhuanga, aizawl, mizoram, india around 3 years, 1 month ago

"Qatar holdings please buy man utd a.s.a.p." azmi, malaysia around 3 years, 1 month ago

"Just speculation again. This is a non story.Qataris love the publicity with having got the W.C so wont deny it unlike the Glazers who have." Mac1, Manchester around 3 years, 1 month ago

"Anything is better than the glazers and the debt we are in" pj, manchester around 3 years, 1 month ago

 
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