Red Knight Jim O'Neill is facing pressure at Goldman Sachs, it has been revealed.
The Guardian says Goldman Sachs is considering forcing O'Neill, the bank's chief economist, to choose between his job and his involvement with the Red Knights group of financiers and businessmen, who are seeking to wrest control of Manchester United football club from the Glazer family. O'Neill is thought likely to respond to such an ultimatum by resigning.
The Glazers, who insist that the club is not for sale, are clients of Goldman and have threatened to withdraw their custom from the bank. It is understood that senior figures at Goldman believe O'Neill has overstepped the mark by taking a leading role with the Knights, and that his involvement threatens to embarrass the bank, which in January helped United raise £500m via an issue of bonds.