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Michael Knighton, who came close to buying Manchester United in the 1980s, claims to be planning an astonishing bid to buy out the Glazer family.
The American owners are under increasing pressure to sell the Old Trafford club following a disappointing sixth-place finish in last season’s Premier League.
Michael Knighton, who famously juggled a ball on the Old Trafford pitch amid his failed attempts to buy Manchester United in 1989, is apparently lining up another bid
Fan groups have protested against their ownership at recent home matches with anti-Glazer chants filling the air.
But 70-year-old Knighton, who famously juggled a ball on the Old Trafford pitch in 1989, is apparently drawing up a bid to buy the Americans out in a hostile takeover.
‘We are a club in crisis and we all know the reason why,’ Knighton told Man Utd The Religion on YouTube.
‘We have an inept and frankly useless ownership who know little about this game of football.
‘Everyone knows that we need new ownership of this football club and that is my aim and those are my objectives.
‘I am making good progress, continuing to talk to the people, I have got some good pledges and good finance.
‘We are now working on the offer document. Remember, it is a hostile bid – that simply means that the club isn’t officially for sale.
‘But my intention is to present these owners with a legitimate, potent and commercial offer to say: ‘You have run out of road, it’s time go, because your time is up’.
Businessman Knighton is pictured with United manager Alex Ferguson in September 1989
Avram Glazer watches Manchester United’s opening weekend defeat to Brighton
Fan anger against the Glazer family ownership grew during the disappointing 2021-22 season
‘And frankly, the fans worldwide have had enough of this regime. The exciting feeling of a new season, which we all have, and that balloon of excitement that is there, it was all burst when we quickly saw the performance against Brighton.
‘The club is in crisis and it will remain in crisis while we have this current ownership.’
The Glazer family, who took over the club in a heavily-leveraged buy-out back in 2005, insist United are not up for sale.
But Knighton added: ‘We need to rid our football club of this ownership as they have had their day, time has run out and we have had 17 years of disappointment, really. It is time for them to go.
‘They have to stop drawing these huge dividends out of the club. We have to stop paying these huge debt servicing costs. It is time for them to sell.
Putting this bid together, I don’t need to be the front person, I don’t need to be the spokesperson. I just want to see our Manchester United Football Club in the hands of proper football people with proper vision.
‘We need to repair our stadium and put our club back where it belongs. We are in crisis and it won’t alter until they go.’
Knighton made his fortune in property, shot to prominence in August 1989 when he made a takeover bid of £20million for United, which was a record bid for a British football club at the time.
The offer was accepted by chief executive Martin Edwards and Knighton pledged to invest £10m in Old Trafford and restore United to former glories on the pitch.
Ahead of a match against Arsenal at the beginning of the 1989-90 season, Knighton juggled a ball on the Old Trafford pitch while dressed in full United kit.
Knighton’s NK Trafford Holdings company included investors such as former Debenhams executive Bob Thornton and Stanley Cohen of the Betterware home shopping firm.
But when Thornton and Cohen withdrew their cash in mid-September, the takeover collapsed despite Knighton’s frantic attempts to find other investors.
As the takeover deadline approached, Knighton abandoned his bid in exchange for a seat on United’s board.
In 1992, he went on to buy fourth-tier club Carlisle United.