I'm hoping it's true. I would welcome the move with open arms. Though i don't want to see another Glazer who will just buy the Club through bank loans. I don't want someone like the owners of Portsmouth who have no money and players keep not getting paid each week.MANCHESTER UNITED’S sunshine break in Qatar last week could lead to a spectacular £1.2billion takeover of the club.
Sunday Express Sport can reveal that while Manchester United manager Sir Alex Ferguson took advantage of the warmth of Doha to fine tune his players, there was feverish work going on behind the scenes.
Aware that Qatar, with their bid for the 2022 World Cup in mind, has gone football crazy, feelers were put out by United’s owners the Glazers about attracting Middle East investment – or finding a potential buyer.
The Glazers may have saddled the club with debts of £700m after their controversial takeover in 2005 but they know they could make a huge profit if they sold, with even conservative estimates placing the club’s present value at around £1.2billion.
United’s short stay in Qatar provided the Old Trafford money men with the perfect opportunity to attract fiscal interest in the club.
Oil and gas reserves have transformed the country into one of the richest in the world.
It is seeking a higher profile identity and sees sport as the vehicle to help meet that ambition.
No expense is being spared in winning a bid for the 2022 World Cup – so the chance of either being involved in or owning a club of United’s magnitude has great appeal to Qatar’s wealthy aristocracy.
It would also provide the perfect foil to one of their Emirates rivals Abu Dhabi where Sheikh Mansour owns
Manchester City.
United could easily have undergone warm weather training a lot closer to home but the six-and-a-half hour
plane journey served two purposes, to get away from the snow and put out some money markers.
The Glazers will only sell for the right price. In the meantime the club are hitting the road attempting to raise aminimum of £500m in bonds to help pay off some of the debt which has substantial interest payments.
United are confident of meeting their target and could even better it as they look to ease the strain of servicing the debt.
But it’s believed that the Glazers are still susceptible to a big offer for the club which would allow them to leave with a sizeable profit.
That’s where United’s training trip to Qatar will almost certainly become very signifi cant in the future.
United, though, will not be cashing in on Wayne Rooney. Manager Ferguson insists the player is happy and there is no contract issue surrounding the player.
There had been reports suggesting that Rooney’s advisers were looking for a lucrative new deal for the England player.
But Ferguson stated: “No one has said to me that his contract is up in such and such a time. It’s never been mentioned so I assume that everything is OK.”
GET ALL THE LATEST MANCHESTER UNITED NEWS HERE
http://www.express.co.uk/posts/view/...M-TAKEOVER-BID
Thread closed by invincible (Forum Super Moderator) as it's continued to spin off topic despite multiple warnings from moderation.
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MANCHESTER UNITED FOR SALE AS SPLASH SHEIKHS LINE UP £1.2BN TAKEOVER BID
Last edited by Hecktix; 17-01-2010 at 10:44 PM.
OOPS I DID IT AGAIN..
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17-01-2010, 11:22 AM #2
it doesnt say there going to bid £1.2 billion lol...
if this sheik turns out to be a manchester city type one, alex will get sacked if he dont win the premier league or champions league
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Apparently somebody in Qatar who wants the buy the Club is a huge Manchester United fan. So if this is true, they will know that Fergie is the right Manager for the team.
Originally Posted by Jibbish
Fergie nearly got the sack 20 years ago and look what he's done now. Managers need to be given the time to produce the best out of their team.OOPS I DID IT AGAIN..
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Coming from the guy who called for his head, now you think he is the right man for the job. :S Originally Posted by United-Clowgon
1.2 billion is ridiculous. Nobody, and I mean that, would buy the club for 1.2 billion when there are 700 million in debt - that would cost 1.9 billion - nobody would pay that.
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well seeing as the glazers made it that any debt the club is in they'll sell with the club i doubt anyone would buy it :S
I love it when youflex like that
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Lol, I'm pretty sure if they said the club was up for sale it'd sale for ease, even if it's over the 1 billion mark. It's the biggest club in the world, some people have more money than sense, it'd be more of a status thing for anybody who does decide to buy it, if it happens.
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Oh zip up. Stop trying to start arguments. Originally Posted by Demala
On 16 May 2005, Glazer took his shareholding in United to 75%, allowing him to end the club's PLC status and delist it from the London Stock Exchange, which he did on 22 June.[7] On 14 June 2005, Glazer successfully increased his share in the club to 97.3%, sufficient for full control. On 28 June he increased his share to 98%, enough for a compulsory buyout of all remaining shareholders.[8] The final valuation of the club was almost £800 million (approximately $1.5 billion at the exchange rate at the time).OOPS I DID IT AGAIN..
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it's not the biggest club in the world, don't be so wet. You sound like Andy Gray. Originally Posted by Immenseman
I love it when youflex like that
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Erm, I'm not saying it's the best. It has the most influence around the globe... that much is pretty obvious. Hello Far East. Not many other clubs are supported like they are outside of their country of origin.
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1) to leah, manchester united is the biggest club in the world - FACT becuase it has the largest about of supporters - FACT
2) if they buy the club they will be buying the club WITH the debt attached, so 1.2 billion would INCLUDE the debt, not the debt ontop on it. (so they would pay of debt and glazers would then get the remanding money).
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