Glazers rule out selling United

Soccer Betting Lines

03/02/2010 - Manchester, England (Sportsbook Betting Lines) - The Glazer family is adamant that they have no intention of selling Manchester United.

A group called the "Red Knights" are reported to be interested in buying the recent Carling Cup winners from the Glazers as concerns grow about the massive debts, which now stand at $1.07 billion.

A recent prospectus spoke of a $748 million bond sale prompting the "Red Knights," which include deal maker Keith Harris and Jim O'Neill, the chief economist at Goldman Sachs, to make their move.

The group hopes to launch a $1.5 billion bid for the club which was bought by the Glazers for $1.2 million.

However, a family spokesman said: "Manchester United is not for sale."

(Courtesy of sportbox.tv)

Candustand Soccer Betting News

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