Qatar prime minister denies £1.6bn bid for Manchester United

It was rumoured last week that the Qatar Investment Authority (QIA) was set to bid around £1.6 (€1.8) billion for the Red Devils, who have recently been floated on the Singapore Stock Exchange.There is no bid set to come out of Qatar for Premier League champions Manchester United, according to the country's prime minister.It is thought that the owners of United, the Glazer family, are trying to sell off around 25 per cent of the club.But QIA executive chairman Sheikh Hamad bin Jassim bin Jaber al-Thani, who is also the prime minister of Qatar, has announced there is no truth to reports that he has been to London to negotiate a deal.Sheik Hamad told Al Jazeera: “That's not true, we announced a few weeks ago that we did not negotiate that.“A lot of people talk about 'Qatar now will buy this, they will pay that.' This also makes the price good for anything that will be sold."