United on Brink of Takeover ???

[Hyltz'.]

The rumours are resurfacing again as the Manchester United Bonds continue to rise.
The 'talk' is all about a planned takeover of the club by the representatives of the Qatari royal family. (I have written about it before.)

Read More at :~ bloomberg.com .... HERE

I believe there is someway to go and a lot to be sorted, before anything would be considered anywhere near to being settled.
So lads, Don't Start Counting Chickens - (Just Yet.)

[Hyltz'.]

A statement from Manchester United FC has once again denied any truth in such a bid having been put forward, repeating that "no offer had been received, and one would not be welcome". This is just a re-hash of what was said last time these rumours sprouted in January. Yet, in spite of denials, the speculation lingers.

Regarding the bid, a report says that the two sides are just "haggling over details". Well 'details' in a £1.6 billion bid would amount to quite a large sum of money.
It is believed that Club Officials and members of United’s Management Team have recently been to Qatar, in which case, the signs are promising.

A sale at this point in time would be very favourable to all concerned :~

• The Glazers, would have doubled their money in six years.
  
• Qatar Holdings, would take ownership of a profitable company.
  
• The Club, would be assured of financial security for its long term future.
  
• The Fan Base, would rejoice at seeing an end put to the Glazers' unpopular tenure.

More can be read at :~ mufcnewsandrumours.blogspot.com .... : HERE :

[aleenaahmed94]

the Qatar royal family have said they didnt make another bid??

[olocky]

but maybe something is going on in background, maybe a bid when season ends

[Hyltz'.]

the Qatar royal family have said they didnt make another bid??

Out of interest.
Can you post a Link to this quote please.

[aleenaahmed94]

cant find exact link but this is similar

http://www.tribalfootball.com/articles/q...er-1393071

[Hyltz'.]

Thank you for that aleenaahmed94 :

I have read that article before. It's over a month old and things have supposedly moved on since then.
Even so, I would doubt that things need to move quickly in that part of the world, especially given the political situation in other parts the Arabian Peninsula and other not too distant countries.

Anyway, I should imagine that any purchase of Manchester United FC, by the representatives of the Qatar Royalty, would have more to do with a tie-in to focus worldwide interest and capitalise on the part Qatar will play in the 2022 FIFA World Cup, (A competition that the Qatar National Football Team have never qualified for).

We can only guess at the amount of truth contained in this new batch of rumours, which were, after all, only refuelled on the back of Manchester United Bond prices reaching an all time high.
The Glazers would probably prefer to hang onto control of the club until the end of this season when, providing United win either (or both), the EPL/Champions League, the bond prices would soar even higher.

[Hyltz'.]

The Glazers made their strongest attempt so far, in order to put a cap on the rumoured Qatari bid for the club.
Representatives for the Glazer Family have issued the following statement to accompany the latest Financial Results :~

For the Glazer Family :
"No discussions have taken place, Manchester United is not for sale and the owners will not entertain any offers."

Such a strong denial would indeed seem to quash the recent rumours and underline their long term commitment to the club.

The new Financial Results show that revenues for the 6 months ending Dec. 2010 rose to £156million, an increase of 8% over the previous year, with Commercial Sales up 30%. (Despite the 'Green & Gold' merchandise protest.) However, Matchday Turnover actually fell marginally to £52.4million, down 0.04%

A more detailed report is available from Bloomberg.Com :~ : HERE :

Such figures would keep United on track to become the first club to break the £100million barrier for Commercial Sales alone.
The clubs Balance Sheet was sporting a healthier look this time with Gross Debts falling and Cash Balances rising. The difference between the two meant that the Net Debt position fell by 9% over the year, to £355million.. So all is not quite the Gloom and Doom that some have predicted.

Whether the latest denial will do anything to quash recent rumours (once and for all), still remains to be seen.