I’m reading reports suggesting that the Glazers are about to pay off a the £220m PIK loan on Monday 22nd November. Bloomberg earlier reported that Joel Glazer signed a document, entitled voluntary free-payment notice, that Red Football Joint Venture will “prepay 100 percent from the outstanding loan on Nov. 22″. The PIK loan to Manchester United would have matured in 2017 and if the Glazers had held the debt until then, they would have owed almost 600 million pounds at the current interest rate – which is based upon Bloomberg’s calculations.

When it was finally “revealed” via statement yesterday that the Red Knights were effectively announcing their intention to NOT make a takeover bid for Manchester United in the near future, I wasn’t surprised. In fact, the more news that has come out in the last few weeks, the less confident I was about a bid at all and the more suspicious I got about the motives of supposed saviours.