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Red Knights 'ready to hoist the white flag'

1st June 2010

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THE Red Knights, the group of wealth investors seeking to bid for Manchester United, are this week expected to confirm this week that their plans have been shelved.Reports over the weekend suggested that the Red Knights are ready to call off their bid, for a number of reasons, most notably being value and crucially the reluctance of the current owners, the Glazer family, to sell.Led by Goldman Sachs chief economist Jim O'Neill, a lifelong United fan, the Red Knights are said to value Manchester United at around £1bn. A bid wa......for the full story register now for free or login below...


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