Red Knights rule out United bid for the season

(GSM) – The Red Knights consortium have revealed that they do not expect to make a bid for Manchester United before the end of the season.

The group of wealthy United fans, who have proposed to takeover the reins at the club from current owners, confirmed earlier this month they were considering the feasibility of putting a proposal to the Glazer family.

The consortium which includes Goldman Sachs chief economist Jim O’Neill and leading football deal-maker Keith Harris, have progressed with their planning.

However, a statement from the Red Knights on Friday revealed that there will be no possibility of an attempted takeover before the end of the season.

“In the next few weeks we will continue to work on our proposal” the statement said.

“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.”