A group of wealthy supporters looking into a possible bid for football club Manchester United said they would not overpay, and dismissed financial numbers circulating in the media as purely speculative.
The Times reported on Friday that 60 investors have pledged up to 1.5 billion pounds in their bid to seize control of the club. A spokesman for the group said they had received a very good level of interest.
The 'Red Knights', a collection of City figures including former Football League chairman Keith Harris and Goldman Sachs Chief Economist Jim O'Neill, have said they are looking at the feasibility of putting together a bid for the world's third-richest football club.
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