Red Knights continue quest to oust Manchester United's American owners

01 June 2010 10:19
Despite speculation that the Red Knights, led by Goldman Sachs financier Jim O'Neill, were on the verge of abandoning their attempts to launch a £1 billion takeover bid, it is understood that the group are instead planning to wait until the early months of next season before testing the Glazers's resolve.

The Glazers reiterated their stance that the club is not for sale in a statement last Friday and, having rejected a £1.5bn offer for Manchester United from the Middle East last year, the Red Knights' £1bn valuation of the club suggests that the two parties are unlikely to find common ground.

 Related ArticlesVidic plans World Cup swansongFerguson will have 'key' role in picking United successorGlazer family refuse to sell Manchester UnitedGlazer family insist Man United 'not for sale'Manchester United finances in Panorama probeSport on televisionAlthough the Florida-based Glazers have consistently ruled out selling United, leading figures within the Red Knights believe that the supporter-led green-and-gold campaign could yet force the Americans into a U-turn.

And when the Red Knights reveal their plans on Wednesday, they are expected to call on United's supporters to maintain their vocal opposition to the Glazers in order to buy the Red Knights time to fund a takeover for the club.

Source: Telegraph