Red Knights turn to Far East for Man Utd investment

The Red Knights are turning to the Far East to boost plans of buying out the Glazer family from Manchester United.

The Times says the Red Knights’ search for cash is heading east, with their adviser Nomura, Japan’s biggest investment bank, set to begin a trawl of Asia for new super-rich investors next week. The Knights will announce within the next two days that they have formally signed up Nomura to advise them on a takeover bid.

The bank’s top-level contacts in Asia were a key reason for its appointment on this campaign.

Asia is United’s fastest-growing market and the club, according to its own research, has at least 40 million supporters in the region, particularly in China, Japan and South Korea. However, the main focus for Guy Dawson, who is leading Nomura’s team on this project, will be to find dozens of high net-worth supporters who can afford to contribute between £5 million and £20 million each to the Knights’ coffers.