Fans oppose a rival bid to Red Knights March 15, 2010 A mysterious rival bidder hoping to exploit the unrest at Manchester United will face criticism from fans as fierce as that directed at the Glazers. Last week we revealed a second bidder was mulling over making an offer for the club in the wake of recent protests. But Manchester United Supporters’ Trust (Must) president Duncan [...]
Tories insist that City has faith in Osborne March 11, 2010 THE Tories yesterday insisted the City had faith in George Osborne, after our City A.M. reader panel said Ken Clarke would make a better chancellor. Shadow business secretary Clarke was the first choice of 36 per cent of readers on the City A.M. / PHI Panel, recruited to represent a cross-section of London’s business community. [...]
City mourns Sir Brian Pitman March 11, 2010 SIR Brian Pitman, one of the most respected bankers of his generation, has died aged 78. Pitman, who was latterly chairman of Virgin Money, led Lloyds Bank for 18 years before retiring almost a decade ago. In his time as chief executive and then chairman of Lloyds, Pitman built the bank from a £1bn business [...]
White Knight could rival the Red Knights’ Old Trafford bid March 11, 2010 A SECOND bid to buy Manchester United from the Glazer family is brewing, City A.M. has learned. A group of wealthy City figures are desperate to wrest control of the club with a bid worth around £1.25bn. But sources close to the deal say a rival “White Knight” bid could materialise as wealthy foreign investors [...]
DIAMONDS ARE AN INVESTOR’S BEST FRIEND March 11, 2010 WE’VE all heard a lot of novel investment advice over the course of the last two bumpy years, but investing in your own diamond mine has got to be a new one. Investment firm Capital Alternatives has set up a new venture, Capital Mining, which plans to do just that, having recently snapped up the [...]
Unstoppable Rooney rips into Milan March 10, 2010 MANCHESTER UTD (4) vs AC MILAN (0) Man Utd win 7-2 on aggregate WAYNE Rooney ensured David Beckham’s long-awaited return to Old Trafford was far more bitter than sweet as Manchester United’s latest hero condemned their old one to a crushing European defeat. Rooney effectively ended the tie and swept United into the Champions League [...]
Guy Dawson joins up with Red Knights March 8, 2010 CITY stalwart Guy Dawson will advise a string of wealthy backers on their bid to wrest control of Manchester United. The Nomura banker, who sold his Tricorn Partners advisory firm to the Japanese bank and now works there, will advise a group of United fans who plan to buy the club for £1.25bn. Dawson advised [...]
YANKEE RED KNIGHTS LAY CLAIM TO A NAME March 8, 2010 MANCHESTER United’s would-be “Red Knights”, the group of City businessmen currently attempting to wrest the club from the grasp of its US owners, the Glazer family, may well be in for a bit of a headache over their choice of moniker. The Capitalist last week discovered a very different group bearing the same name over [...]
Former Centrica boss is named as a Red Knight March 7, 2010 Former Centrica boss Sir Roy Gardner became the latest City figure to be named a “Red Knight” yesterday as the momentum for a fans’ buyout of Manchester United continues to gather pace. He was a non-executive director at United between 2002-2005. He is also non-executive chairman of Plymouth Argyle. He joins City figures hoping to [...]
Ferguson rubbishes link with Red Knights’ bid March 7, 2010 MANCHESTER UNITED boss Sir Alex Ferguson has furiously dismissed claims that he is backing a potential takeover of the club from a group of City financiers. Reports over the weekend claimed the Old Trafford chief has thrown his weight behind a bid from the Red Knights to dethrone club owners, the Glazer family, with some [...]