'Red Knights' group demand the Glazers reduce their stake in Manchester United - News Summed Up

'Red Knights' group demand the Glazers reduce their stake in Manchester United


Two of the original Red Knights consortium who attempted to oust the Glazer family from power at Manchester United more than a decade ago have urged the American owners to give up their controlling interest in the club. Lord O'Neill, a former senior executive at American investment bank Goldman Sachs, and Sir Paul Marshall have written to United chairman Joel Glazer following the collapse of the European Super League. They say the owners' shares should be sold for $14 each – the share price when United were floated on the New York Stock Exchange in 2012 – as a gesture of goodwill. They also want to end the club's dual-class share structure so all shareholders have the same voting rights. 'If your stated desire to rebuild trust is sincere, these proposals are the minimum steps you should choose to make.'


Source: Daily Mail April 23, 2021 10:34 UTC



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