A “secretive Chinese consortium” is putting together a bid to buy English Premier League club Manchester United, according to UK press reports.
The Times online reports that “a bid is expected, although no approach, formal or otherwise, has been made to the Glazers”, the club’s current owners, who will “resist any offers” for United.
In a separate article in the News of the World, which along with The Times is owned by News International, the consortium was said to consist of six billionaire Far East businessmen who were poised to offer £1 billion for United.
The consortium would be happy to take a minority stake if the Glazers opt not to give up control of the club, the News of the World report said.
Despite speculation, the management of the club have constantly denied in the past months that United and its owners, the American Glazer family, face financial difficulties.