MANCHESTER UNITED DENY HOLDING SALE TALKS WITH QATAR
- NewArticle
- Published:24 Ocak 2011, Pazartesi
- Updated:24 Ocak 2011, Pazartesi
Premier League leaders Manchester United said on Sunday they were not for sale after the Sunday Times reported that Qatar Holding had held talks about a 1.5-billion-pound takeover.
"There has been no approach of any kind to buy the club and one wouldn't be welcome anyway because it is not for sale," a spokesman said, adding that the newspaper story was wrong.
The Sunday Times reported that the Glazer family, the unpopular American owners of the Premier League club, had held talks with a group, believed to be Qatar Holding.
The report said the talks had floundered because the Glazers valued the Old Trafford club at closer to 2 billion pounds.
The Glazers bought Manchester United, one of the most famous soccer clubs in the world, in 2005 for some 790 million pounds against a wave of protest from fans who feared they would load it up with debt.
No one from Qatar Holding was immediately available to comment.
- Turkey continues on the path to prosperity
Turkey has become the fastest growing nation for luxurious automobile brands. While luxurious brands experienced seven percent growth globally in the first five months of the year, in Turkey the rate of growth has reached the 100 percentile level.
- Cameron admires Turkey’s economy
While the English press continues to cover the Gezi Park protests to Turkey’s detriment, the British Prime Minister has praised Turkey’s ‘stability.’ David Cameron says “we admire your economy.”
- Turkey’s economy continues growth pattern
With the Central Bank’s deferred interest rate cut resulting in revitalizing domestic demand, Turkey’s economy experienced three percent growth in the first quarter of the year, sealing 14 quarters of continuous growth.
- Capital Markets Board to investigate Gezi Park speculators
The Capital Markets Board has initiated an investigation into exits from the stock exchange by speculators, in a move which followed Erdoğan’s acknowledgement of attempts by the interest rate lobby to instigate a drop in the stock exchange. Should the Capitals Market Board establish a connection between financial exists and speculators sanctions may be enforced.
- Çalık Holding refutes CNBC allegations
Çalık Holding has released a statement refuting claims made in reports by CNBC attempting to associate the group with redevelopment plans for Taksim’s Gezi Park.
- Turkey’s economy unphased by protests as sales continue
Saudi Arabian businessman Ehsaan Fareed Abduljawad has purchased two towers in the Ağaoğlu Maslak 1453 project for 200 million dollars. “We trust in Turkey’s economy,” said the billionaire.
- PM Erdoğan: The interest lobby will not reach their objective
The speculative attack on the markets came to a halt following Prime Minister Erdoğan’s statement directed at the interest-rates lobby, “We will not let you consume the great efforts of our nation.” The dollar has since dropped and the stock exchange is back on a rising trend.
- The real reason behind the Moroccan Business Confederation’s boycott during Erdoğan’s visit
During the past five days there has been a polemic concerning the boycott of the Moroccan Business Confederation (CGEM) of a meeting between Turkish and Moroccan businessmen which took place during Erdoğan’s trip to Morocco on June 3rd. While the decision had nothing to do with the on-going protests in Istanbul and other cities, the real reason is proving to be an internal conflict between the CGEM and the Moroccan government.
- Protesters demands stand to benefit Germany and the U.K.
The ‘economic’ demands set forth by the Taksim Platform, which spoke on behalf of the Gezi Park protesters in a meeting with Deputy Prime Minister Arınç on Wednesday, have resulted in a number of question marks. The main question being, why are they opposed to projects worth 120 billion such as the third bridge and airport, hydroelectric power plants and Canal Istanbul?
- Turkey invests in iron and steel in Algeria
Tosyalı Holding opened a 750 million dollar steel-iron factory in Algeria in a ceremony attended by Prime Minister Recep Tayyip Erdoğan. Expected to rake in an annual one billion dollar revenue, the facility will also provide one thousand jobs.
- Gezi Park protest incomparable to Occupy Wall Street
The Occupy Wall Street movement did not pose a significant financial burden in the United States, whereas the financial burden brought on in Turkey from the Gezi Park protests is exponential.
- New legislation and standards to come for ‘nargile’ water pipes
It will now be required to place health warnings on the glass portions of water pipes, regularly referred to as ‘nargile’ in Turkey.
- Early retirement option for mothers with multiple children
The government will be implementing a number of incentives to promote women giving birth. New legislation to include maternity leave increased to six months and graduated retirement based on number of children. In addition, the state will be subsidizing maternity leaves for female employees.
- Entrepreneurial women to meet in Istanbul
Entrepreneurial women will be convening in Istanbul on June 2-4 for Dell’s Women’s Entrepreneur Network Event and in September for a similar women’s entrepreneur organization held by Bank of America.
