SM
Watford vs. Oxford Utd: 4 hrs 53 mins
Upcoming predictions and previews
Collect News Data

Michael Knighton provides update on Manchester United takeover bid

:Headline: Michael Knighton provides update on Manchester United takeover bid:
Former Manchester United director Michael Knighton reveals that his plans to submit a bid to buy the club are "moving forward".
Sports Mole

Michael Knighton has revealed that his plans to submit a bid to buy Manchester United are "moving forward".

The 70-year-old previously failed with a takeover bid of around £20m to buy the Red Devils back in 1989, before serving on the club's board of directors between 1989 and 1992.

Last month, Knighton expressed his desire to launch a new takeover bid to purchase the club from the Glazers, who United fans have vented their frustrations to for several years.

Speaking to Man United The Religion, Knighton said: "Everyone knows that we need new ownership of this football club. That is my aim, those are my objectives.

"I'm making good progress, I continue to talk to the people, I've got some good pledges with good finance.

"We are now working on the offer document. Remember, it's a hostile bid – that simply means the club isn't officially for sale, but my intention is to present these owners with a legitimate and potent and proper commercial offer to say 'you've run out of road, it's time to go, because your time is up'.

"And frankly the fans worldwide have had enough of this regime. We are a club in crisis, and we all know the reason why. We have an inept and frankly useless ownership who knows little about this game of football."

Knighton is yet to make a formal offer to buy United, but he has provided a positive update on Twitter regarding his plans.

The Englishman posted: "Thank you ALL for the wonderful messages of support. There is much going on behind the scenes.

"Things are moving forward as planned. I apologise I can't be on this platform more, just bogged down in meetings. God bless & every good wish to all of you. [Your] support is greatly appreciated."

In a separate interview with the Daily Mail, Knighton suggested that there were similarities between United in the present day and back in 1989.

"There are strong comparisons between Manchester United in 1989 and Manchester United now, apart from the figures involved becoming much bigger," he added.

"United was a failing business in '89, they never made any money. When I was juggling that ball, they'd just announced losses of £1.3m on a turnover of £7m. The fans hated the Edwards family [the owners] and they hadn't won the league for 22 years."

Knighton is also confident that the Glazers will leave United for good by next year, adding: "United will cost a premium in excess of their share because of its name and history. Yet the owners have damaged the brand and lumbered it with debt. A reasonable price would be well under the reported £4.5bn they once turned down.

"The Glazers will know they are driving the value of their own asset down. They will not own Manchester United this time next year."

Knighton is understood to have held talks with three billionaires over forming a consortium, including Nice owner Sir Jim Ratcliffe, who has expressed his interest in buying Man United. body check tags ::

amp_article__494993 : Collect and Make Data not in DataBase  : 
last updated article - 2023-02-03 21:25:29:
html db last update - 2023-02-03 21:25:29 :

ex - 7200 : read : write cache and make html

Manchester United takeover - Click here for more stories

Click here for more stories about Michael Knighton

Click here for more stories about Manchester United

Share this article now:
GV
Read Next:
Michael Knighton planning Man United takeover
>


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!
Read more about Michael Knighton Jim Ratcliffe Football
Follow @SportsMole for the latest breaking news stories, and follow @sm_headlines to get every headline from Sports Mole
Recommended Next on SM
Michael Knighton planning Man United takeover
"Of course" - Van Nistelrooy makes huge managerial claim ahead of Amorim move

Page options

Premier League Table
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.

history www

Preview: Man Utd vs. Leicester - prediction, team news, lineups

1

PM

Preview: Chelsea vs. Arsenal - prediction, team news, lineups

2

PC

Cubarsi to play in a mask? Predicted Barcelona XI vs. Real Sociedad

NEW

3

CT

Will Palmer return? Chelsea injury, suspension list vs. Arsenal

4

WP

Eleven changes, will Palmer be one of them? Chelsea predicted XI against Arsenal

5

EC

Preview: Spurs vs. Ipswich - prediction, team news, lineups

6

PS

Win comes at a cost: Man United suffer fresh injury blow vs. PAOK

7

WC

Rice question answered, will Odegaard start? Arsenal predicted XI against Chelsea

8

RQ

Preview: Roma vs. Bologna - prediction, team news, lineups

9

PR

Chelsea vs. Arsenal: Head-to-head record and past meetings

10

CV


. . . . . . . . . . . . . . .