Red Knights rule out Old Trafford takeover bid before summer

WEALTHY supporters attempting to mount a takeover of Manchester United have ruled out making a bid during the current football season.

The Red Knights, a collection of financial figures including former Football League chairman Keith Harris and Goldman Sachs chief economist Jim O’Neill, said they would continue to work on their proposal over the next few weeks but do not expect anything to be finalised before the end of the season in May.