The Red Knights met yesterday to draw up battle plans for their bid to buy out the Glazer family from Manchester United.

The talks were to confirm exactly where the money will come from to fund a bid and to determine the level of fan involvement in the proposed ownership structure.

A key discussion was also to focus on the £509million bond taken out by the Glazer family who currently own United - it is likely any takeover bid would have to entail retaining the bond.

Investment bank Nomura have been advising both the Red Knights and the Manchester United Supporters' Trust (MUST) who have been broadly backing the takeover bid.

A source close to the talks told Press Association Sport: "We are now developing the financial model before making a bid. This is very much getting into the details of funding and future ownership."