A secretive Middle East consortium has bid £1.5bn (approximately Rs 10,069 crore) for Manchester United only to be firmly rejected by the club’s owners, the Glazer family.
According to information passed to the Guardian, this was one of several covert offers which have been made for the club, all valuing it at more than £1bn and all of them rebuffed.
The rejection of the bids appears to signal the family's seriousness about not selling the club. The Glazers are now talking about staying at Old Trafford for another 10 years.
The news will come as a blow to the Red Knights, the group of businessmen who have been preparing a bid for United.
The offer from the Middle East was made towards the end of last year. It was flatly turned down and the bidders were discouraged from returning with a second offer.
The revelation brings depressing news for fans who have been campaigning for the Glazers’ removal. More than 150,000 people have joined the Manchester United Supporters' Trust, the group co-ordinating the anti-Glazer movement.
The family is said to be unmoved by the animosity and thick-skinned enough not to allow it to affect their planning. They are described as enjoying the prestige of being associated with a winning team.