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Red Knights Prepare To Make A Summer Bid For Manchester United
Supporters to get representation on the board.
Mar 14, 2010 3:14:00 AM
By Adithya Ananth
Football financier and Red Knights front-man Keith Harris has revealed that the group plan to launch a bid to takeover Manchester United during the summer.
The man behind the £1 billion takeover plan has in the past explained that the money is in place, but insists that the group are waiting for the right time so as to ensure the ownership transition effects the club at a less critical period of the year.
"In any form of takeover you look for as much stability as possible because it is at least for a short while destabilising," Harris is quoted by the News of the World as saying.
"Which is why a number of people say 'What would the timing for this be?'
"Well, I don't know, but you try and do these things, if you do them, during a period of relative quiet which points to the off season."
The radical plan to oust the Glazers from the United throne has seen Harris call for Old Trafford loyalists to tear up their season ticket renewal form and abandon games, in a move to deliver a financial blow to the current owners.
But the Red Knight claims that the supporters will have their season tickets back, if and when the takeover reaches fruition. He also insists that the fans will have a representation on the board, should the move go ahead as planned.
"If there were people who were considering giving up their season tickets on account of what they've heard about the Glazers' plans from the bond issue prospectus, then in the event that our takeover was successful we're sure it could be worked out so that they regained their places.
"We'd implement a block holding of 25.1% to permanently prevent another future takeover by the likes of Glazer.
"Season ticket holders would get their seats back at a lower price and become shareholders in the club.
"I've been reading about the possibility that people with corporate boxes and season tickets may actually take a stand.
"It's not about turning up late at matches - the club's already had their money. It's if those people say they're not going to renew."
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The man behind the £1 billion takeover plan has in the past explained that the money is in place, but insists that the group are waiting for the right time so as to ensure the ownership transition effects the club at a less critical period of the year.
"In any form of takeover you look for as much stability as possible because it is at least for a short while destabilising," Harris is quoted by the News of the World as saying.
"Which is why a number of people say 'What would the timing for this be?'
"Well, I don't know, but you try and do these things, if you do them, during a period of relative quiet which points to the off season."
The radical plan to oust the Glazers from the United throne has seen Harris call for Old Trafford loyalists to tear up their season ticket renewal form and abandon games, in a move to deliver a financial blow to the current owners.
But the Red Knight claims that the supporters will have their season tickets back, if and when the takeover reaches fruition. He also insists that the fans will have a representation on the board, should the move go ahead as planned.
"If there were people who were considering giving up their season tickets on account of what they've heard about the Glazers' plans from the bond issue prospectus, then in the event that our takeover was successful we're sure it could be worked out so that they regained their places.
"We'd implement a block holding of 25.1% to permanently prevent another future takeover by the likes of Glazer.
"Season ticket holders would get their seats back at a lower price and become shareholders in the club.
"I've been reading about the possibility that people with corporate boxes and season tickets may actually take a stand.
"It's not about turning up late at matches - the club's already had their money. It's if those people say they're not going to renew."
Become a fan of Goal.com USA's Facebook fan page for all the latest news and insight into everything related to the beautiful game
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