14-12-2009, 09:12 PM
(14-12-2009, 07:18 PM)friendorfoo Wrote: Well United just came out denying the story apparently.
That's what Hyltz and Vazza said earlier. Reported on manutd.com and in the MEN.
Glazers to resist Chinese bid
The Glazer family maintain that they will resist any offers for Manchester United after it emerged yesterday that a secretive Chinese consortium is exploring the possibility of taking over the club. Although those behind the plan have still to be identified, The Times understands that the reported interest from a Chinese consortium is genuine. Sources have indicated that the interest is serious, that at least one of the businessmen involved is a United supporter and that a bid is expected, although no approach, formal or otherwise, has been made to the Glazers. Questions emerged about the Glazers’ ownership of United when The Times revealed this month that the family have been struggling for several months to refinance part of the £699 million debt that was taken on when they bought the club in 2005. However, a spokesman for the family said: “Manchester United is not for sale.”
Source: Oliver Kay and James Ducker, The Times