Red Knights Ready Offer

Sky Sports News understands the Red Knights consortium has agreed the basic terms of a formal offer to buy Manchester United.

It is believed the terms were agreed at their latest strategy meeting and the Red Knights will meet again this week to continue negotiations.

Sky Sports News' chief news reporter Bryan Swanson understands the consortium has agreed what each Red Knight will receive for their investment but the group has not yet agreed a date for any bid.

The group is not expected to make any offer until June, after Manchester United could be crowned Premier League champions on Sunday.

Negotiations with potential investors have included the possibility of keeping the ₤500m bond raised by Manchester United supporters.

The group believe a credible bid will be put together and they have not been put off by the Glazer family's insistence that the club are 'not for sale'.

Credit: Skysports.com