Glazers, Bond Issue and Debt

[Phil-M.U.F.C.]

Red Knights maintain interest
Consortium claim bid to control United still on course

The Red Knights insist they are edging closer to lodging a bid for Manchester United despite reports of rifts emerging within the group attempting to oust the Glazer family.

Getting in excess of 40 wealthy individuals to not only put their money to such an ambitious project, but also agree a unified plan of attack, was always likely to be fraught with difficulty.

Led by leading investment banker and former United director Jim O'Neill, the Red Knights have been inching towards lodging a formal bid for the Old Trafford outfit, which had been anticipated prior to the World Cup's opening game on 11th June.

Suggestions that the whole scheme is doomed to failure have wrong-footed some senior figures within the Red Knights, who have privately claimed that the past fortnight has been quite a productive period for the group.

There have been problems to overcome, not least the volcanic ash cloud that delayed crucial meetings, but there remains an optimism the bid will eventually arrive, even if the Red Knights are eager not to constrain themselves to a timescale.

"Talks have been going better than ever and are progressing very positively," confirmed a Red Knights source.

source: skysports.com