The Glazers can take £400m from the club between now and 2017. The Red Knights would have to come up with £700m to clear the debt and another chunk of money to actually buy the club and this would need to include AT LEAST £400m to cover the Glazers' losses. Chances? Slim and none I'd say, especially as the Glazers have come out and said they're not interested in selling AND because the Red Knights have alienated themselves against the Glazers.
The only other way is for the G&G campaign to be replaced with a stay away campaign and let's face it, that just is not going to happen.
WHAT IS THEIR PLAN?
Simple. To raise £1billion to buy out the Glazers, who have plunged the club into debt to the tune of £716.5million.
HOW WOULD THEY RAISE THE CASH?
One idea involves finding 40 individuals to put up £20m each, with the Red Knights borrowing around £200m to top up the offer, but the plan would be to keep debt to a minimum.
HOW WOULD THEY RUN THE CLUB?
For the fans and not as a commercial venture is the plan. United would stay in private ownership and not be returned to the public markets where it was traded until the Glazers' buyout.
WHO IS THEIR LEADER?
Seymour Pierce stockbroker Keith Harris is the man brokering the potential takeover. He is a former HSBC investment bank chief executive and well known in football circles due to his involvement in takeovers of West Ham, Manchester City and Aston Villa. He is also the financier who warned last year that football's gravy train was set for a crash.
DO THEY HAVE SUPPORT?
The Red Knights have spoken with the M**T, who have indicated they will back any bid. Not surprising considering the blaze of green and gold inside Old Trafford as fans protest against the Glazers in the colours of Newton Heath, the club which predated United.
WHAT CHANCE HAS THE PLOT OF SUCCEEDING?
Not good. Exploratory discussions are thought to have begun at the offices of law firm Freshfields Bruckhaus Deringer on Monday to study the viability, rather than details, of any bid. The problem is that the Glazers maintain they have no intention of selling and the Red Knights have no way of ousting them other than to make a bid they cannot refuse.
DO THE GLAZERS HAVE ANY SUPPORT?
Not among fans but their decision to alleviate high interest repayments on the £716.5million debt with a £500million bond issue last month was successful. The issue was twice oversubscribed.
IS HARRIS CONFIDENT?
Cautiously optimistic at best. He said: "There is a serious intent on the part of those people (Red Knights) who have not just support in their hearts but the ability to muster support from their pockets to get after this and the time feels right."
Source: skysports.com
Don't hold your breathe, chaps! £1BILLION!! And still with debt. Yes, reduced, but still £200m debt.
The only other way is for the G&G campaign to be replaced with a stay away campaign and let's face it, that just is not going to happen.
WHAT IS THEIR PLAN?
Simple. To raise £1billion to buy out the Glazers, who have plunged the club into debt to the tune of £716.5million.
HOW WOULD THEY RAISE THE CASH?
One idea involves finding 40 individuals to put up £20m each, with the Red Knights borrowing around £200m to top up the offer, but the plan would be to keep debt to a minimum.
HOW WOULD THEY RUN THE CLUB?
For the fans and not as a commercial venture is the plan. United would stay in private ownership and not be returned to the public markets where it was traded until the Glazers' buyout.
WHO IS THEIR LEADER?
Seymour Pierce stockbroker Keith Harris is the man brokering the potential takeover. He is a former HSBC investment bank chief executive and well known in football circles due to his involvement in takeovers of West Ham, Manchester City and Aston Villa. He is also the financier who warned last year that football's gravy train was set for a crash.
DO THEY HAVE SUPPORT?
The Red Knights have spoken with the M**T, who have indicated they will back any bid. Not surprising considering the blaze of green and gold inside Old Trafford as fans protest against the Glazers in the colours of Newton Heath, the club which predated United.
WHAT CHANCE HAS THE PLOT OF SUCCEEDING?
Not good. Exploratory discussions are thought to have begun at the offices of law firm Freshfields Bruckhaus Deringer on Monday to study the viability, rather than details, of any bid. The problem is that the Glazers maintain they have no intention of selling and the Red Knights have no way of ousting them other than to make a bid they cannot refuse.
DO THE GLAZERS HAVE ANY SUPPORT?
Not among fans but their decision to alleviate high interest repayments on the £716.5million debt with a £500million bond issue last month was successful. The issue was twice oversubscribed.
IS HARRIS CONFIDENT?
Cautiously optimistic at best. He said: "There is a serious intent on the part of those people (Red Knights) who have not just support in their hearts but the ability to muster support from their pockets to get after this and the time feels right."
Source: skysports.com
Don't hold your breathe, chaps! £1BILLION!! And still with debt. Yes, reduced, but still £200m debt.