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Red Knights Edging Closer To United Bid

Red Knights Edging Closer To United Bid

The Red Knights are expected to finalise their proposal to make an offer for Manchester United by the end of this week, according to press reports. Goldman Sachs chief economist Jim O'Neill, Freshfields partner Mark Rawlinson and Wace Marshall hedge fund co-founder Paul Marshall met advisers in London to discuss their plan to oust the Glazers who insist the club is not for sale.

The bid will be launched at the end of the season and press suggest they are going to keep the bonds issued by the Glazers. In the long term, the Red Knights would offer fans the chance of getting a higher percentage of shares, with guaranteed board representation.

MUST is growing faster than ever and now has more than 150,000 members which says a lot about United fans' desperation for change. Many, though, are still concerned by the Red Knights' intentions, fearing that simply new debt will replace the old one. However, in theory the bid would wipe out the debts as well although the exact details are still unknown.



Click here to join in the debate on the club forum.

Writer:Zae
Date:Friday April 16 2010
Time: 7:48PM

Comments

0
I don't know if I like the idea of several people owning the team, we might end up like liverpool if things turn sour. But anythings better than the glazers.
khoder
16/04/2010 23:54:00
0
They will have a few questions to answer before they get the backing of the fans. How much of the debt will they be clearing? and how big will their dividends be? What structures will they put in place to prevent future hostile takeovers? and many many more...
tuscan3000
17/04/2010 01:36:00
0
OOOOOOOOOOhhhhhhhhh heavens,any thing but the glazers would i guess do for manchester united!! Some one should correct me,but some thing tells me the glazers may be Liverpool or Mancity fans who intentionally baught into manunited to destroy it!!! REDKNIGHTS,come on and save our precious United,you will be rewarded ten fold!!!!!!!!!!!!!!!!!!!!!!!!!!
syandupa
17/04/2010 09:01:00
0
Glazers out!
niteworlok
17/04/2010 19:26:00
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