Qatar tries to by Manchester United
http://www.click-manchester.com/sport/manchester-united/1213273-qatar-ho...Â2-billion-takeover-plans-for-manchester-united.html
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.
She's broke, she can be another defunct, money-losing English icon Qatar can buy.
We have offered Sarah Ferguson as bait :o)
I was reading a news, a source not showing his identity said, in last summer Emir offer to the Queen, if she want to sell out the old Kingdom including football clubs, but she refused as Prince Charles was not agreed upon.
It would be a terrible investment financially, considering the mess the club is and massive amounts of cash it will need to sort things out, but then Qatar has a bad habit of buying money-hemoraging English icons.
There were rumours in the press last week that Qatar was financing Ferguson's recent spending spree.
I would be surprised that Qatar would pay that sort of money for United especially since they've just supposedly bought a majority stake in Paris St. germain.
money and let them do whatever pleases them..
Denied by Qatari Government
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=441126&version=1&template_id=57&parent_id=56