Manchester United: Official Bid Now in Place and Being Considered

True BlueCorrespondent IFebruary 24, 2011

Buy, buy?
Buy, buy?Michael Regan/Getty Images

Breaking news: an official bid for Manchester United has been made and is now being considered by the United board.

According to British press reports, a consortium of Middle Eastern billionaires have put their differences aside, pooled resources and tabled an offer of £1.5bn—once debt is taken out of the equation, the Glazers could net nearly £30.00.

The names of the individuals involved in the consortium have not been released, but it is understood they are from Egypt, Tunisia, Libya and Bahrain.

More to follow....