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United - Red Knights on Hold!

United - Red Knights on Hold!

Any aspirations the 'Red Knights` group had of buying the club from the Glazer family has been put on hold.

With the Glazer family announcing, last week, that the club was not for sale, a statement has been issued implying the 'Red Knights` have not given up their quest and their ambition remains to pursue its efforts,

"To try and help bring ownership of Manchester United to its supporters and under a structure with materially less debt."

"As we have maintained however since news of our ambitions first emerged in March, we will only attempt to purchase the club at a sensible price, consistent with the long term interests of the club."

"Persistent speculation in the media inflated valuation aspirations has made our goals less attainable, as potential investors have strongly reinforced our views that we should not move forward at a price uneconomic for the future of the club."


So, nothing changes in the immediate future then as the Glazer family continue t hold the brand name they craved!

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Writer:Red Boy
Date:Wednesday June 2 2010
Time: 5:23PM

Comments

0
I understand why they didnt want to let super rich foreign investors in on the deal - but the bid was doomed as soon as they started talking about maintaining some of the debt. The only positive we can draw is that the glazers insistence that we're in a good enough financial position to deal with the debt is more credible. When the recent accounts were released any signs of weakness would have indicated that the glazers might be susceptible to a bid. Instead, they showed decent growth and I think that is what finally put the red knights off.
tuscan3000
02/06/2010 17:31:00
0
The debt part of any deal will be the clincher, i hope we don't have a case of musical chairs with groups only looking to dip into our profits and not making it debt free.
elvido
02/06/2010 17:46:00
0
Sir Matt must be turning in his grave!
merlin
02/06/2010 19:23:00
0
Just keep qualifying for the Champion's League and you'll stay afloat. Otherwise, you can bend over, put your head between your knees and kiss your collective bottoms goodbye.
fifthcolumnblue
02/06/2010 19:33:00
0
No worries, fcb, couple of titles more and that should take of that! We are not exactly l'fool!!
elvido
02/06/2010 20:28:00
0
Sorry, we are not interested in giving you the title back... for the next 10 years!! lol :)
JT_daniel
03/06/2010 06:01:00
0
JT, we are okay with the two for you, three for us arrangement too with a European cup in between (for us that is)..... :P
elvido
03/06/2010 07:22:00
0
We dont expect you to give it to us - we'll take it from you whether you like it or not.
tuscan3000
03/06/2010 11:50:00
0
I was never too sure about the redknights anyway.
TheFamousNo7
03/06/2010 12:41:00
0
lol elvido.. :) And Tuscan, I admire your confidence but I assure you, we'll not explode like Liverpool to hand you the title on a platter. Expect a strong defence to the title, a succesful defence.
JT_daniel
04/06/2010 14:04:00
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