Reds not for sale
Date published: 02 March 2010
MANCHESTER United’s owners have stressed the club is not for sale following reports of a summit meeting involving key players behind the Red Knights group of wealthy supporters.
The Glazer family last night declared they have no interest in selling up at Old Trafford.
With debts mounting and alarm bells ringing following details contained within the prospectus for the recent £500million bond sale, the Red Knights could launch a bid to buy the club.
Well–known football deal maker Keith Harris – a lifelong United fan – is at the centre of the group, along with Jim O’Neill, chief economist at Goldman Sachs.
Their hope is to try to starve the Glazers of cash and persuade them to accept a deal that would net them around £1billion.
United have dropped to third place behind Real Madrid and Barcelona in the 'rich list' of European clubs.
The Deloitte Football Money League sees the two Spanish clubs secure the top spots but mainly due to the continuing decline of the pound against the euro.
Real Madrid has topped the 'rich list' for the last five years but Barcelona's unprecedented success last season when they won five trophies, has seen them overtake United despite a nine-per-cent rise in income at Old Trafford.
Arsenal (fifth) leapfrog Chelsea, with the Gunners recording a 7% rise in revenue to £224million compared to their London rivals' £206million – a 3% fall in revenue.
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