Glazer stance ends Red Knights dream
The Manchester United PR offensive has continued with the release of a clear and unequivocal statement that the club is not for sale.
"The board notes recent press speculation regarding a possible takeover bid for Manchester United," it read. "The owners remainfully committed to their long-term ownership of the club. Manchester United is not for sale and the owners will not entertain any offers"
This is no surprise. A spokesman for the Glazer family has been saying as much for weeks. But planting a formal "not for sale" sign in the middle of their latest set of financial figures is about as firm an indicator as they could give.
For the Red Knights, that wealthy group of United fans trying to raise the money to launch a bid to end the Glazers' reign at Old Trafford, it is almost certainly the end of the road.
The quarterly results for the period January to end of March 2010 also show cash reserves of £95m - dispelling fears among supporters and backing up the Glazers' claims that the money would not be channelled out of the club at this stage to pay off the £220m of Payment in Kind loans used by the American family to purchase the club in 2005.
In fact, the overall debt in the club has gone down from £543.3m to £520m for the corresponding period last year.