Printer Friendly

KNIGHTS RIDE ON.

THE Red Knights consortium met yesterday to finalise their plans to launch a takeover of Manchester United.

The group of wealthy United fans do not expect to make a bid for the club before the end of the season.

The talks were to confirm exactly where the money will come from to fund a bid and to determine the level of fan involvement in the proposed ownership structure.

A key discussion was also to focus on the pounds 509million bond taken out by the Glazer family who currently own United - it is likely any takeover bid would have to entail retaining the bond.

Investment bank Nomura have been advising both the Red Knights and the Manchester United Supporters' Trust (MUST) who have been broadly backing the takeover bid.

COPYRIGHT 2010 MGN LTD
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Sport
Publication:The Mirror (London, England)
Date:Apr 15, 2010
Words:128
Previous Article:Roy wants Ruiz but he'll Costa; Football Spy.
Next Article:TOON UP FOR TEST WITH BEST.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters