Red Knights give up dream to buy Man U

London, June 2 (ANI): The Red Knights' dreams of rescuing Manchester United from the grips of the US-based Glazer family have come to a dead end.

According to The Mirror, the Glazer family last week stated they had no intention of selling the club.

Previous claims that the American owners had rejected a 1.5 billion pound bid from a Far East consortium already seem to have led to a belief amongst the Red Knights that there is little point making a substantially lower offer that was also certain to be rejected.

"The Red Knights remain committed to pursuing their efforts to try and help bring ownership of Manchester United to its supporters, and under a structure with materially less debt," The Mirror quoted a statement released on behalf of the group, as saying this morning."As we have maintained however since news of our ambitions first emerged in March, we will only attempt to purchase the club at a sensible price, consistent with the long-term interests of the club," the statement added.

The news will come as a major disappointment to fans opposed to the current owners and those who have mounted a major campaign against them. (ANI)