Man Chairman May Join ‘Red Knights’

Mar 19 2010 | 9:46am ET

The financiers hoping to lead a takeover of Britain’s most legendary soccer team are looking to bring on another prominent hedge fund executive into its ranks.

The “Red Knights” are seeking to recruit Jon Aisbitt. The group, which is planning a bid for 18-time league champions Manchester United Football Club, already boast Marshall Wace Asset Management founder Paul Marshall among its roster of City hotshots hoping to buy the Premiership’s hotshots.

Like Marshall, Aisbitt is a United fan, The Guardian reports.

The team’s current owners, the American Glazer family, have been heavily criticized by its fans for piling more than US$1 billion in debt on the club. Man U. supporters have launched several highly-publicized protests against their stewardship, but the Glazers have vowed to hold onto the club.

The Red Knights hope to raise US$1.5 billion for a potential hostile bid.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...