Red Knights put Man Utd bid on hold

The Red Knights, the group of City financers looking to seize control of Manchester United, are said to have shelved plans to launch a £1bn takeover bid.

According to reports, the group has been put off by the £1.5bn that current owners the Glazer family are said to want for the club. The Knights are believed to value the club at between £950m and £1bn.

The Glazer family said as recently as last week that the club was not for sale, an announcement dismissed at the time by the Manchester United Supporters Trust (Must) as “spin coming out through the Glazers’ PR machine”.

Must, which is backing the Red Knights’ bid, is angry over the £700m debts the Glazer family has saddled the club with.

It has just completed a season-long campaign, using the strapline “Love United, Hate Glazer”, to pressure the US-based owners into quitting.

The fans’ group also recently called on the club’s sponsors to “choose sides” and back its efforts to remove the Glazers.

It is planning a summer radio, press and digital campaign to maintain the momentum of the campaign through the close season.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here