Manchester United has insisted there is ?nothing? in reports that the club could be sold to Qatar Holdings, reports Sport Business.
Reports over the weekend indicated that Qatar Holdings could be preparing a �1.5 billion bid for the club. However, United communications director Phil Townsend has denied suggestions the Glazers could be tempted to cash in on their five-and-a-half-year investment.
?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.?
Qatar Holdings has assets of around �40 billion, and its chief executive and chairman is Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, the Prime Minister of Qatar. Any takeover move for United would increase Qatar?s already considerable influence in the world of football.
In June, Sheikh Abdullah al Thani, a member of the Qatari royal family, completed a buy-out of Spanish top-flight club Malaga, while last week the Qatar Foundation, the charity wing of the ruling family, agreed a ?150 million deal to become Barcelona?s first paying shirt sponsor.
Earlier this month, Qatar secured the right to stage the 2022 FIFA World Cup.
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