Unpopular Glazers vow to hang on to Man U for the long-termBy ANI
Saturday, February 26, 2011
LONDON - The Glazer family has confirmed that they have no in selling Manchester United.
Though there is growing speculation about a massive offer for the club from the Qatari Royal Family, the largely unpopular Glazer regime has stressed that they view their United status as long-term, the Daily Mail reports.
“The board notes recent press speculation regarding a possible bid for Manchester United. The owners remain fully committed to their long-term ownership of the club. No discussions have taken place, Manchester United is not for sale and the owners will not entertain any offers,” the Glazer family said in a statement.
For the record, Manchester United’s debt has fallen from 512.5million pounds a year ago to 489.4 million pounds on December 31, 2010.
In the six months of the year so far, the commercial arm of the club has generated an incredible 50.4 million pounds, having secured a succession of new ‘partnerships’, the latest with global logistics company DHL.
It is now virtually certain United will this year become the first football club to crash through the 100 million pound barrier for commercial revenue alone. (ANI)