The Red Knights group looking to launch a takeover bid for Manchester United is to be advised by investment bank Nomura, the Japanese firm has confirmed.
Manchester United was bought by the Glazer family for £800m in 2005.
The Nomura team will be led by two bankers who advised the Glazer family on its takeover five years ago.
“Nomura will work closely with the Red Knights, the Manchester United Supporters’ Trust and other potential investors to co-ordinate and formulate the proposal to be put to the Glazer family,” the financiers said in a statement.
“Nomura is beginning its role by contacting the many expressions of financial support the Red Knights have received to date.”
The Glazers’ reign has been controversial, with many fans opposed to the huge levels of debt that Red Football, the club’s holding firm, accrued to finance the takeover. Red Football now has more than £700m of debts.
