15.06.2011 - Qatar Holdings making GBP2 bln takeover plans for Manchester United
Qatar Holdings are reportedly planning a £2 billion takeover of Manchester United. The People claims Qatar Holdings, the business arm of the countryís ruling royal family, are financing Unitedís summer spending which is expected to be around £125 million. It is argued that Unitedís owners, the Glazer family, who bought the club for nearly £800 million in 2005, do not have the financial capability to fund that level of transfer spending.Qatar Holdings, a division of the Qatar Investment Authority, is believed to have had a £1.5 billion offer turned down last year..............................................Full Article: Source
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