Qatar Amir close to buying Manchester UnitedBy ANI
Friday, February 11, 2011
LONDON - Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani is understood to have made a bid for Manchester United.
According to the Daily Express, Manchester United’s owners, the Glazer family, are “only haggling over details” with a deal to sell the club to Qatar Holdings virtually done at 1.6 billion pounds.
If that deal is sealed, then Malcolm Glazer and his sons will have doubled their money in six years since they paid 790 million pounds for the club in the summer of 2005.
It would also bring to an end a massively unpopular regime among United’s huge fan base.
Manchester United have consistently denied they are interested in selling since Qatar Holdings, the business investment branch of the Qatar Royal family, were first seriously linked with the club just before Christmas.
Last month, secret talks were believed to have stalled over the price.
The club publicly dismissed the notion that any discussions with the Glazer family had even taken place.
But sources close to the talks disclosed that even the Qataris baulked at a demand for two billion pounds.
“The deal is pretty much done and they are only haggling over details,” a well-placed source said.(ANI)