Owners of Manchester United, The Glazer family, have insisted that they have no intentions of selling the club amidst wide spread rumors of Qatari Royal Family's offer of £1.8b.

The club's second-quarter financial results were released on Friday, and the owners made a short-statement along with the release to quash rumors of Qatar Royal Family's offer.

The Glazers also highlighted their role over United as 'long-term', saying: The board notes recent press speculation regarding a possible bid for Manchester United. 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.

Mystery shrouds the club's finances. They managed to pay off £220m payment-in-kind notes this year and that too, after the payment of punishing rates of interest. The rumors therefore arose on Qatari involvement. However, a United spokesman insisted earlier this week that the Glazers owned 100% of the club.

Therefore, it is still unclear how the Glazers managed to pay off, despite figures revealing almost £800m debt in 2010. It doesn't help the Glazers whose ownership over United has been highly unpopular amongst the club's supporters who launched a green and gold scarf campagin earlier in 2010 in protest against the American owners.