The Red Knights have pledges of £1.5 billion to buy-out the Glazers from Manchester United, it has been revealed. The Times says although the Glazer family have insisted that the champions are not for sale, the leaders of the Red Knights, the group of leading City financiers behind the move, will sit at their round table today to sift through a rich list of applicants ready to back a buyout.
"We thought we had 40 investors - well, it is already 60," one of the Knights said last night.
It may mean that a bid for Britain's biggest club could soon be a realistic prospect and that the Knights will be in a position to make an offer that cannot be refused.
The Red Knights believe that the club is worth about £1 billion, while the Glazers' valuation - which they insist does not equate to an asking price - is approximately £1.2 billion.