The Red Knights approach Nomura in take over bid for Manchester United

The Red Knights who are trying to buy out Manchester United owners the Glazer family, who also own Tampa Bay Buccaneers, have approached Japanese investment bank Nomura to see if they would act as financial adviser, according to an unknown source.

Financial figures included in the consortium that call themselves the Red Knights, are former Football League chairman Keith Harris and Goldman Sachs chief economist Jim O’Neill, who are trying to buy the club from the American family. The Glazers brought the football club in 2005 for around £790 million pounds.

Fans opposed the deal at the time, have started to show their feelings by protesting on match days. Gone are the famous red white and black scarves, which are replaced by green and yellow ones based on the colours of United’s predecessors Newton Heath. The Red Knights have said takeover plans were at an early stage. The consortium say they want to return United to the fans, possibly selling a stake in the club through a share issue.

The Glazers still insist that the club is not for sale. To read more on this story go to reuters.com.