Real Madrid deny approach from Manchester City owner

(GETTY IMAGES)

Real Madrid have denied they have received a mega offer from Manchester City owner Sheikh Mansour bin Zayed Al Nahyan to buy out the Spanish giants.

Reports in Spain suggested the Sheikh was set to shell out one billion euros for Madrid and was due to meet club president Florentino Perez early in the new year for discussions.

However, Madrid insist the story is completely unfounded.

"Real Madrid wishes to inform: that Real Madrid president Mr. Florentino Perez has had a great friendship for many years with His Highness, Sheikh Mansour bin Zayed Al Nahyan," read a statement on the club website.

"And that the so-called interest and the existence of any offer to acquire Real Madrid are false.

"His Highness has always shown tremendous respect for the club and understands that Real Madrid belongs to its members."

Sheikh Mansour, who is reportedly a Real Madrid supporter, is president of Abu Dhabi's Al Jazira Club, where he set up a twinning agreement with the Spanish giants in 2005.