414 lines
15 KiB
Plaintext
Executable File
414 lines
15 KiB
Plaintext
Executable File
sport
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football
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teams
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manchester-united
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8347374
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-----
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# Glazer family: Manchester United not for sale
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## The Glazer family have attempted to dispel speculation that they are
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preparing to sell Manchester United by issuing a statement within the club's
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quarterly accounts which insists they "will not entertain any offers" for the
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Premier League leaders.
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![Old Trafford - Glazers: 'Utd not for sale'][1]
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Staying put: The Glazer family has asserted its commitment to Manchester
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United Photo: AP
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By Mark Ogden 7:30PM GMT 25 Feb 2011
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[Comments][2]
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United's Florida-based owners, aware that ongoing speculation linking the
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Qatari royal family with a £1.6 billion takeover could distort the value of
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the high yield bonds attached to the club, have been divisive figures among
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United supporters since their controversial leveraged buy-out in 2005.
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But despite year-long rumours of Qatari interest in United, the Glazers have
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now moved to clarify their intention by dismissing the prospect of a sale
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within a formal document to bondholders.
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The statement said: "The board notes recent press speculation regarding a
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possible bid for Manchester United. The owners remain fully committed to their
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long-term ownership of the club.
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"No discussions have taken place, Manchester United is not for sale and the
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owners will not entertain any offers."
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The release of United's quarterly accounts, a stipulation of the £500 million
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bond issue in January last year, shows that the club's gross debt now stands
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at £489.4 million (down by about £25 million) after the £24 million buy-back
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of a portion of the bond.
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## Related Articles
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* [Battle of the Bridge has lost its edge][3]
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26 Feb 2011
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* [Owen could return at Wigan][4]
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25 Feb 2011
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* [Rooney: I'll play anywhere for United][5]
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25 Feb 2011
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* [Fergie: trophies key to keeping job][6]
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23 Feb 2011
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* [Glazers to end sale speculation][7]
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24 Feb 2011
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* [Wigan Athletic v Manchester United: match preview][8]
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25 Feb 2011
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With cash reserves of £134.5 million - largely from the £80 million sale of
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Cristiano Ronaldo in June 2009 and a £35.9 million instalment of the club's
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£80 million shirt sponsorship deal with Aon - United's financial position
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appears strong.
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While match day and media revenues have been relatively stagnant, there has
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been a sizeable increase in commercial revenues of 30.2 per cent.
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In the six months of the financial year so far, the commercial arm of the club
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generated £50.4 million, having secured a succession of new 'partnerships'.
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It is now almost certain United will this year become the first football club
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to break the £100 million barrier for commercial revenue alone.
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The surge in commercial revenues means United's overall turnover has grown
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from £144.7 million to £156.5 million. However, operating costs have also
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increased from £86 million to £95.9 million.
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[X][9] Share & bookmark
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Delicious Facebook Google Messenger Reddit Twitter
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Digg Fark LinkedIn Google Buzz StumbleUpon Y! Buzz
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[What are these?][10]
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* Share: [Share][9] [ ][11] [ ][12]
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[Tweet][13]
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http://www.telegraph.co.uk/sport/football/teams/manchester-united/8347374
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/Glazer-family-Manchester-United-not-for-sale.html
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Telegraph
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## [Manchester United][14]
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* ### [Sport »][15]
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* ### [Football »][16]
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* ### [Premier League »][17]
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* ### [Football News »][18]
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Related Partners
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* [Manchester United Tickets][19]
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In sport
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[![Barcelona v Manchester United: Champions League final live ][20] ][21]
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### [Champions League final: live][21]
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[![Darren Ferguson - Champions League final 2011: 'Sir Alex Ferguson got up at
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6.30am to open The Cliff, but no one else was there'][22] ][23]
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### ['Dad got here by sheer hard work'][23]
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[![Wayne Rooney must show the world his talent in the Champions League final,
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says Alan Smith][24] ][25]
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### [Time for Rooney to bestride world stage][25]
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[![Champions League final: Manchester United goalkeeper Edwin van der Sar's
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giant gloves 'impossible' to fill][26] ][27]
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### [Van der Sar's gloves 'impossible' to fill][27]
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[![Follow Telegraph Sport on Twitter][28]][29]
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### [Follow Telegraph Sport on Twitter][29]
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[X][9] Share & bookmark
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Delicious Facebook Google Messenger Reddit Twitter
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Digg Fark LinkedIn Google Buzz StumbleUpon Y! Buzz
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[What are these?][10]
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Share:
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* [ ][9]
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* [ ][11]
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* [ ][12]
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* [Tweet][13]
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* ## [Manchester United action photos »][30]
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See the latest Manchester United action photos - and enjoy the best full-
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colour action images for Manchester United Football Club.
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Advertisement
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![][31]
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telegraphuk
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Please enable JavaScript to view the [comments powered by Disqus.][32] [blog
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comments powered by Disqus][33]
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## [Manchester United »][34]
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[![Manchester United Football Club][35]][14]
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[Manchester United Fixtures][36]
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[Manchester United Results][37]
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[Manchester United Action Photos][30]
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[Manchester United Players][38]
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[Manchester United Statistics][39]
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[Manchester United Tickets][19]
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Advertisement
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[PREMIER LEAGUE HIGHLIGHTS »][40]
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Advertisement
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Classified Advertising
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* [Engineering Jobs][41]
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* [Cars][42]
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* [Games][43]
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Loading
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[Find your ideal job with Telegraph Jobs][44]
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[1]: http://i.telegraph.co.uk/multimedia/archive/01834/old-
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trafford_1834823c.jpg
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[2]: http://www.telegraph.co.uk/sport/football/teams/manchester-
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united/8347374/Glazer-family-Manchester-United-not-for-sale.html#disqus_thread
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[3]: /sport/football/teams/manchester-united/8349515/Henry-Winter-Chelsea-v
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[4]: /sport/football/teams/manchester-united/8347203/Wigan-v-Manchester-
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United-Michael-Owen-back-in-contention-while-Ryan-Giggs-remains-injury-
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doubt.html
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[5]: /sport/football/teams/manchester-united/8345785/Wayne-Rooney-prepared-
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to-play-out-of-position-as-Manchester-United-reach-crucial-time-of-season.html
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[6]: /sport/football/teams/manchester-united/8344073/Manchester-United-
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job.html
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[7]: /sport/football/teams/manchester-united/8346396/Manchester-Uniteds-
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owners-the-Glazers-set-to-reiterate-their-commitment-to-club.html
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[8]: /sport/football/competitions/premier-league/7944088/Wigan-Athletic-v
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[9]: #
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[10]: http://www.telegraph.co.uk/technology/news/4590190/Share-this-
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article-What-are-these.html
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the link in the email. Alternatively, you may have to open a web browser, such
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as Firefox or Internet Explorer, and copy the link over into the address bar.
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%0A%0Ahttp://www.telegraph.co.uk/sport/football/teams/manchester-
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united/8347374/Glazer-family-Manchester-United-not-for-sale.html %0A%0AFor the
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best content online, visit www.telegraph.co.uk
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[22]: http://i.telegraph.co.uk/multimedia/archive/01907/darren-
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[23]: /sport/football/teams/manchester-united/8543155/Champions-League-
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[35]: http://i.telegraph.co.uk/multimedia/archive/01377/Manchester-United-
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[36]:
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[37]:
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[38]:
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http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/5038141
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[39]:
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http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/4942851
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/Manchester-United-Football-Club-Statistics.html
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[40]: http://www.telegraph.co.uk/sport/football/competitions/premier-
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[41]: #configurableTab_8257595
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[42]: #configurableTab_8120678
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[44]: http://jobs.telegraph.co.uk/?utm_source=TMG&utm_medium=CS&utm_campaig
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