Monday, March 1, 2010

Financiers 'discuss Man Utd bid'

By John Sinnott

Old Trafford
Man Utd has a debt of £716.5m

A group of financiers - dubbed the "Red Knights" - have met for the first time to discuss taking over Manchester United, BBC Sport understands.

United are owned by the Glazer family, but the club's high level of debt - now at £716.5m - has prompted much unease.

Goldman Sachs economist Jim O'Neill, who was acting in a personal capacity, lawyer Mark Rawlinson and financier Keith Harris were at the meeting.

A spokesman for the Glazers told BBC Sport: "United is not for sale."

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