Belfast Telegraph

Wednesday 1 October 2014

Glazers: Manchester United not for sale

Manchester United owner Malcolm Glazer

The Glazer family last night insisted that they were not interested in selling Manchester United.

The mammoth debts at Old Trafford have recently sparked a green and gold protest from supporters as the fans call on the Glazers to leave the club.

A £500million bonds issue has been used to help refinance the debts, and sources understand the Glazers are not looking to sell.

Leading city financiers have met to discuss a potential takeover bid for United.

Representatives from law firm Freshfields and investment bank Goldman Sachs, among others, are understood to have been involved in the secret meeting.

Informally known as ‘the Red Knights', the group held talks regarding a potential offer to buy out the Glazer family, who remain unpopular with United fans.

However, Keith Harris, who has been involved with the group considering a potential takeover, recently called on supporters to start boycotting matches in an attempt to force the Glazers' hand.

Harris said last week: “Turning up to games 10 minutes late and things like that just doesn't do the job.

“The supporters have to start hurting the Glazers in their pockets.”

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