Monday 19 February 2018

Speculators bank on Knights

SPECULATORS have begun to buy bonds in Manchester United in a gamble that the Red Knights will be able to launch an offer to buy the club from the Glazer family.

The news comes after the Knights -- millionaire football fans who want to force out the Glazers -- laid the groundwork for a long battle yesterday.

The Knights released a statement saying that their proposals are at "an early stage" and that the group needs to find at least £1bn before it can launch a bid.

However, speculation in the club's bonds indicates that the financial markets are giving some credence to the prospects of a bid. Jonathan Moore, an analyst for Evolution Securities, said: "I've had conversations with a number of investors in London who are trying to weigh up the possibilities of a deal. The key factor is whether the Glazers would be willing to sell."

Irish Independent

Promoted Links

Sport Newsletter

The best sport action straight to your inbox every morning.

Promoted Links

Editor's Choice

Also in Sport