17-01-2010, 02:47 PM
Manchester United seek investment in Qatar - report
While Sir Alex Ferguson and his players were in Doha, feelers were reportedly put out behind the scenes regarding the possibility of attracting investment from the oil-rich nation, lining up a bid for the 2022 World Cup.
Current estimates put the potential sale value of the Old Trafford outfit at £1.2 billion. Current owners, the Glazer family, are reported as having saddled the club with around £700 million of debt following their takeover of the club in 2005.
Qatar is now one of the richest countries in the world thanks to its oil and gas reseves, and believes that sport is a key way of raising its profile as a nation on the international stage.
Ferguson described Qatar as "some unknown country" in October last year when he blasted England's trip to play a friendly there as little more than a money-making exercise.
"I think that some of them actually could do without the friendly games themselves, but the FAs from every country warn them that sometimes it's a nice day for them, a nice trip for them, a sunny day, and in some cases it creates good revenue for them. So you can understand it," he said, according to ESPN.
source:Goal.com
Espn.com
While Sir Alex Ferguson and his players were in Doha, feelers were reportedly put out behind the scenes regarding the possibility of attracting investment from the oil-rich nation, lining up a bid for the 2022 World Cup.
Current estimates put the potential sale value of the Old Trafford outfit at £1.2 billion. Current owners, the Glazer family, are reported as having saddled the club with around £700 million of debt following their takeover of the club in 2005.
Qatar is now one of the richest countries in the world thanks to its oil and gas reseves, and believes that sport is a key way of raising its profile as a nation on the international stage.
Ferguson described Qatar as "some unknown country" in October last year when he blasted England's trip to play a friendly there as little more than a money-making exercise.
"I think that some of them actually could do without the friendly games themselves, but the FAs from every country warn them that sometimes it's a nice day for them, a nice trip for them, a sunny day, and in some cases it creates good revenue for them. So you can understand it," he said, according to ESPN.
source:Goal.com
Espn.com