Chinese company denies approach to buy Man United stake

Chinese company Ping An Insurance Group, denied reports it discussed to buy a stake in Premier League giants Manchester United.

It was reported by the Sunday Times that a mysterious Chinese buyer has expressed an interest in purchasing a holding in the English club, who are owned by the Glazer family.

According to the report, some of United's independent shareholders have been contacted. However, Ping An Insurance Group distanced itself from the rumours on Monday.

"The information is false. Ping An have not been involved in any discussion on purchasing a holding in Manchester United," Ping An spokesman Sheng Ruisheng said via the 21st Century Business Herald.

"And [Ping An's Chairman and CEO] Mr. Ma Mingzhe has never owned any shares in Manchester United.

UCJ, UNILORIN.