The Red Knights consortium say they have not yet put a figure on the value of Manchester United – but say they will not overpay.

Man Utd chief executive David Gill says the club’s owners, the Glazers, are “running the club the right way”.

West Ham co-owner David Gold says he is “concerned” that more Premier League clubs risk administration.

Arsenal chief executive Ivan Gazidis says the English football industry will continue to grow but that a cultural change is needed.

Manchester United says the football club’s debt burden fell slightly at the end of last year as the “Red Knights” consortium went public with their takeover plan.

Premier League football club Stoke City has said it is externally debt-free, as it reveals a profit of £500,000 for the 2008/09 season.

English Premier League clubs owe more money than all the other top clubs in Europe put together, according to a Uefa study.