The Red Knights, a group of city financiers working on a possible takeover of Manchester United, claim they can meet the Glazer’s £1.2 billion asking price for the club.
The Glazers are thought to value the club at closer to £1.5 billion but it is thought that an offer of £1.2 billion would be high enough to get negotiations underway, and the Red Knights are confident that they have enough investment to raise that amount.
“We thought we had 40 investors – well, it is already 60,” one of the Knights told the Times.
The Red Knights have generated significant support among United’s fans, with membership of the Manchester United Supporters’ Trust (MUST) doubling in a day after the Knights announced their plan to attempt a takeover earlier this week.
Duncan Drasdo, the chief executive of MUST, told the Times: “The growth rate is absolutely phenomenal. MUST now has more campaign members than the official Manchester United membership scheme.”
Though the Glazers have repeatedly insisted they will not sell, the Red Knights remain determined to mount a takeover.