Manchester United a target for investors who want to buy out Glazer family

30 January 2010 21:20
The potential investors, described as the 'Red Knights' by Must, have met Harris, a United supporter and influential football financier involved in several high-profile takeovers, in recent days. [LNB]While sources close to the Florida-based Glazer family have insisted that they have no plans to sell, despite the club's £716.5 million debt, a growing supporter-led campaign is aiming to drive the Americans out. [LNB] Related ArticlesRooneys' fortune to be laid bareHenry Winter: angel v Red Devil an even contestSky thinking outside the box'Campbell can cope with Rooney,' says WengerFerguson puts his faith in Rooney for explosive encounterSport on televisionHarris said: 'We have been approached [by potential investors] and if we can lend our weight to doing something for the good of Manchester United, and for football, we will. [LNB]''There are also one or two other people in senior positions in financial services who have access to capital. [LNB]'There is a serious intent on the part of those people who not only have support in their hearts, but the ability to muster that support from their pockets. [LNB]'It depends on the Glazers' attitude, but this is an opportunity for them to take money and go. They [the Glazers] are playing with an icon of football, one of the most respected football brands in the world, and it's in danger.' [LNB]United supporters have started to wear green and gold, the colours of the club's forerunner, Newton Heath, as a symbol of defiance against the Glazers, and although the Glazers' recent £500 million bond issue proved a success, Harris warns that the club would be at risk if fans stopped attending games. [LNB]He said: 'There are clearly rumblings among the supporters and if those rumblings become a revolution and they stop going, the pounds will stop coming. Then there is peril.' [LNB]Meanwhile, United insist that the £80million raised by the summer sale of Cristiano Ronaldo is available. [LNB]A statement said: 'The cash will be spent on players who are available and who the manager thinks can improve the squad, not to prove to pundits that it exists.'[LNB]

Source: Telegraph