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 :~
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.
Representatives for the Glazer Family have issued the following statement to accompany the latest Financial Results :~
Quote: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.