26/03/2010

From the Red Knights: No bid before the end of the season

Our press release on March 2nd confirmed that a group of individual Manchester United supporters had met the day before to consider the feasibility of putting together a proposal to the Glazer family regarding the ownership of Manchester United. We stated that for a proposal to be viable, it would require the involvement and support of Manchester United supporters worldwide. The Red Knights have been liaising with the Manchester United Supporters Trust (MUST) and their representatives were at our first meeting on March 2nd. They remain closely involved with our plans. In that first statement, we added that any new ownership model would aim to put supporters at the heart of the Club.

On March 12th we involved Nomura as our adviser. Since then they have been speaking to and meeting many potential Red Knights who have contacted us since our interest was made public. These potential Red Knights have offered ideas and support and with the help of this input, our plans have been developed further.

In the next few weeks we will continue to work on our proposal. We do not expect this to be finalised before the end of the current football season. This will have the advantage of minimising external distractions as the team enters the decisive period of the season.