( CNN ) -- Manchester United 's American owners have again insisted that the English club is not for sale , releasing a short statement while announcing second-quarter financial results on Friday . British media have renewed speculation that Qatar 's royal family will make an offer of a reported £1.8 billion ( $ 2.9 billion ) for a club that U.S. billionaire Malcolm Glazer and his family bought in 2005 at an overall value of £800 million . `` The board notes recent press speculation regarding a possible bid for Manchester United , '' the statement said . `` 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 . '' The Glazers have been criticized by United fans after it was revealed that their takeover involved a £660 million debt in finance leveraging , which they have been paying off with club revenue since . The latest results showed that the 18-time English league champions ' turnover for the three months up until December 31 , 2010 increased from £87 million ( $ 140 million ) to £93.2 million ( $ 150 million ) . While domestic matchday income for the period dropped slightly from £33.1 million to £32.8 million , and media revenue stayed similar , commercial turnover including overseas merchandising climbed from £19.2 million ( $ 31 million ) to £25.5 million ( $ 41 million ) . Gross debt dropped from £512.5 million ( $ 825 million ) to £489.4 million ( $ 787 million ) while the board revealed the club had net assets of £771 million ( $ 1.2 billion ) and a cash balance of £134.5 million ( $ 216 million ) . United 's bid to win a record 19th domestic crown continues at Wigan on Saturday as Alex Ferguson 's team seek to restore a four-point lead over second-placed Arsenal -- who face Birmingham in Sunday 's League Cup final .
Alex Ferguson 's family reacts to speculation that Birmingham royal family wants to buy the club . Premier League owners insist no offers have been made or talks started . British Manchester United 's leaders release results for second financial quarter . The club 's gross debt has gone down while turnover has increased .