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Bayern Munich chairman Karl-Heinze Rummenigge has again reiterared the club’s desire to retain the services of Owen Hargreaves.

The England midfielder has been the subject of two unsuccessful bids from Manchester United and Rummenigge has confirmed that the club do not need to sell the player.

“We have had a large offer for Hargreaves from United and it remains valid until this summer,’ Rummenigge said.

“But he has a contract until 2010 and we are in the fortunate position that our finances are in top-class shape.

“We’ll be presenting another first-class balance sheet this year, so we can still say ‘no’ if a club like United come in with a large offer for one of our players.

“There aren’t many players of Owen Hargreaves’ quality in the holding midfielder position and our aim is to build a team capable of great things.”

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