Glazers refuse to entertain offers for club
Saturday 29 May 2010
The Glazer family have warned off any bid from the Red Knights for ownership of Manchester United by unequivocally saying that the club is not for sale.
A statement was released by the American owners yesterday, to coincide with the latest financial figures to be issued from Old Trafford. It said: "The board noted recent press speculation regarding a possible bid for Manchester United. The owners remain fully committed to their long-term ownership of the club. Manchester United is not for sale and the owners will not entertain any offers."
The figures included within the statement show growth in all revenue areas, apart from matchday, which has gone down by £1m compared to the same three-month period last year. Overall debt now stands at £520.9m, although that sum does not include the controversial payment-in-kind (PIK) notes which now attract interest at an eye-watering 16.25 per cent.
It is the statement about the club's future that is of most interest though. United have become increasingly bullish recently about their ability to ride out the green and gold campaign and the call for a boycott of season tickets that looks certain to accompany any rejection of the Red Knights bid.
Latest in Sport
Mayweather-Pacquiao: Ricky Hatton, Mike Tyson, Ronda Rousey and more make their predictions
Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
How Liverpool can catch Manchester United and still qualify for the Champions League
Kyle Walker video: Tottenham defender categorically denies 'disgusting' rumours on Facebook
Floyd Mayweather vs Manny Pacquiao: What time does it start and where can I watch it?
- 1 Avengers: Age of Ultron: Nearly 700 German cinemas refuse to show movie
- 2 Donald Trump decides that Baltimore riots are Barack Obama's fault
- 3 X Factor in crisis as numbers of people auditioning plummets
- 4 General Election 2015: Stephen Hawking says he will vote Labour
- 5 Baltimore riots: Furious mother marches her son home live on TV
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
EU exit would hit UK economy much harder than neighbouring countries, study finds
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia