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Unread 14-04-2010, 12:44 PM
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Red Knights set for Manchester United investor talks

The group considering a bid to take over Manchester United is meeting on Wednesday to discuss proposals to tempt wealthy investors to join them.

The Red Knights strategy group may sign off on a document that would explain how the new ownership model would work at the Premier League club.

"Red Knights are looking to raise around 700m for the bid," said BBC Sports Editor David Bond.

"They are looking for 30 to 40 wealthy Red Knight investors."

He added: "What is being discussed is exactly how they go about investing, how much they will need to invest and what stake they will get in return."

The Glazer family paid 800m to buy the club in 2005, but supporters' groups are opposed to their continued ownership, opposition that intensified in January when it was revealed that United had been saddled with massive debts in excess of 700m.

As well as major investment from super-wealthy supporters of the club from the UK and abroad, including city bankers and lawyers, the Red Knights also hope to raise smaller sums from ordinary fans.

Their plans are also thought to include allowing major investors to sell part their stakes in the club to fans if the takeover is successful.

The Red Knights have, however, already said they will not make an offer to the Glazer family, until the end of the season.

But the American owners maintain the club is not for sale - just as they did when a Chinese consortium expressed an interest in December 2009.

No official announcement is expected from the Red Knights on Wednesday, but the meeting could result in the group drawing a step closer to finalising the blueprint for fan ownership of the Premier League's richest club.

"The Glazer family have repeatedly said that the club is not for sale, but remember these investors are serious people with serious reputations, led by Jim O'Neill, the head of global economic research at Goldman Sachs," said Bond.

"They are determined to put a credible bid together and tempt the glazers into selling the club."

Unread 26-04-2010, 07:56 AM
waynes ear's
Default Re: red knights, investors etc

these cunts have gone quiet. Any reason?
Unread 26-04-2010, 09:15 AM
Default Re: red knights, investors etc

Originally Posted by waynes ear's
these cunts have gone quiet. Any reason?
Christmas party
Unread 04-05-2010, 01:50 PM
Default Re: red knights, investors etc

Unread 04-05-2010, 03:18 PM
Default Re: red knights, investors etc

Originally Posted by ScarFace
"Negotiations with potential investors have included the possibility of keeping the ₤500m bond raised by Manchester United supporters"

Superb journalism yet again.
Unread 10-07-2010, 11:45 PM
Default Re: red knights, investors etc

Manchester United bid resurrected
The Red Knights' consortium has held fresh talks about a possible bid for Manchester United after suggestions that the Glazer family's business plan could be hit by a reduction in season ticket renewals and new regulations being introduced to European football.

By Paul Kelso
Published: 8:21PM BST 10 Jul 2010
The Sunday Telegraph understands that key figures in the consortium met supporters' groups on Friday to consider the next stage of their campaign to remove the Glazer family from Old Trafford.
A potential drop-off in season ticket renewals by disillusioned supporters was among the issues discussed, but last night a club source refuted suggestions that ticket sales are in decline.

"Ticket sales have held up and we are on target to match our season ticket sales in recent seasons, with sales of executive seats particularly strong," said the club source.
The club's robust prediction may disappoint the Red Knights, led by Jim O'Neill, head of Goldman Sachs global economic research, who had hoped to launch a bid for the club but shelved plans after concerns over the Americans' valuation of the club.
The announcement in May that they would delay any bid was widely interpreted as the end of their ambitions, but sources insist the Red Knights remain committed to replacing the Glazers.
New investors are understood to have approached the Red Knights in recent weeks, and such was the level of interest that they are understood to have seriously considered making a formal bid to the Glazers during the first week of the World Cup.
Nomura, engaged by the Red Knights, has valued the club at around 1bn, well bellow the Glazer's notional asking price of 1.5bn, and the family have repeatedly said the club is not for sale.
Despite the Glazers' stated position the Red Knights have taken heart from recent developments that club revenue may not continue to rise fast enough to meet the family's requirements. Uefa rules that will require clubs to live within their means by the 2013 season are considered a potential weakness in the Glazer's armour.
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