Madrid denies buy-out bid by City sheik

Real Madrid has denied that Manchester City owner Sheik Mansour

made a €1 billion ($1.44 billion) offer to buy the Spanish


Madrid said on its Web site Tuesday that the “so-called

interest and the existence of any offer to acquire Real Madrid are


A Spanish newspaper reported Sunday that Sheik Mansour bin

Zayed Al Nahyan had made the offer to president Florentino Perez

and that discussions would take place next week.

Madrid is one of four clubs in the Spanish league that is

owned by its members and not by a private entity. The others are

Barcelona, Athletic Bilbao and Osasuna.

Sheikh Mansour is also president of Abu Dhabi’s Al Jazira

Club, which has had a twinning agreement with Madrid since 2005.