United Refute Takeover Claims Alongside Quarterly Results

February 28, 2011

English Premier League soccer giants Manchester United’s owners, click The Glazer family, generic used the release of the club’s quarterly financial results to insist that no talks have taken place over a possible takeover.

The Glazers have reiterated that the club is “not for sale” after repeated reports of a bid from Qatar Holdings to buy-out the club, as United revealed increased earnings in the first half of the financial year through to the end of December.

In a statement to accompany the quarterly results, the club again refuted the continuing takeover rumours by saying: “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.”

United’s EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 3.2 per cent to £60.6m (US$98.4m) in the six months to the end of December.

Although domestic match day income for the three months through to the end of 2010 dropped slightly from £33.1m ($53.7m) to £32.8m ($53.25m), commercial turnover including overseas merchandising climbed from £19.2m ($31.2m) to £25.5m ($41.4m).