Manchester United investment rumours 'inaccurate and unfounded', says CITIC Capital

Rumours abound that Chinese state-owned firm CITIC Capital plans to splash out £2.5bn for a minority stake in Manchester United, but the company has now spoken out against the reports.

In an official statement, a spokesperson for CITIC Capital said: “We categorically deny having involved in any of such discussion.”

Moreover, the firm said the information reported was “inaccurate and unfounded”, dispelling rumours of any potential investment.

The full statement, published today (October 30) on CITIC Capital’s website, can be found here.

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