The Glazer family have confirmed that they have no interest in selling Manchester United.
United’s owners made a short statement to accompany the release of second quarter financial results, amid growing speculation that they had receoved an offer for the club from the Qatar Royal Family.
The Glazers have moved to stress their commitment to the Old Trafford side, despite ongoing protests from supporters.
“The board notes recent press speculation regarding a possible bid for Manchester United,” said the statement.
“The owners remain fully committed to their long-term ownership of the club.
“No discussions have taken place, Manchester United is not for sale and the owners will not entertain any offers.”
The results themselves show United’s debt has fallen from £512.5million 12 months ago to £489.4million on December 31, 2010.
Whilst matchday and media revenues remained comparable to last year, there was a huge increase in commercial revenues of 30.2%.
In the six months of the year so far, the commercial arm of the club has generated £50.4million, having secured a succession of new ‘partnerships’, the latest with global logistics company DHL.
United almost certainly will become the first football club to break through the £100million barrier for commercial revenue alone.
This growth in commercial revenues means that United’s overall turnover has grown from growth £144.7million to £156.5million.
However, operating costs have also increased from £86million to £95.9million.