Glazers rule out United sale

02 March 2010 08:54
The Glazer family are adamant that they have no intention of selling Manchester United. A group called the 'Red Knights' are reported to be interested in buying the recent Carling Cup winners from the Glazers as concerns grow about the massive debts the club has built up, they now stand at £716.5million. A recent prospectus spoke of a £500million bond sale prompting the 'Red Knights', which include deal maker Keith Harris and Jim O'Neill, the chief economist at Goldman Sachs, to make their move. The group hopes to launch a £1billion bid for the club which was bought by the Glazers for £800million. However, a family spokesman said: "Manchester United is not for sale."

Source: ESA