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.

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