Nomura to advise on takeover

THE battle for control of Manchester United has taken another twist following confirmation that a leading global investment bank has agreed to advise on a possible acquisition of the Old Trafford outfit by the Red Knights group.

Nomura will work closely with the Red Knights, the Manchester United Supporters’ Trust and other potential investors to “co-ordinate and formulate the proposal to be put to the Glazer family”.

The Nomura team will be led by Guy Dawson and Andrew McNaught, both of whom advised the Board of Manchester United plc when the club was sold to the Glazer family in 2005.

Nomura is starting its role by contacting the many expressions of financial support the Red Knights have received to date.

With United over £700million in debt, many now see the Red Knights as the only salvation, even though the Glazer family insist the club is not for sale.