made his fortune in property, shot to prominence in August
Knighton, who made his fortune in property, shot to find prominence in August 1989 when he made a takeover bid of £20million for United, which was a record bid for a British football club at the time. The offer was accepted by chief executive Martin Edwards and Knighton pledged to invest £10m in Old Trafford and restore United to former glories on the pitch. Knighton also recognised the off-field potenti business al of United, predicting they would be a £150m business within 15 years (as it happened the Premier League and much success would make them a £1bn business within 11 years). His business plan identified several areas for development – such as television rights, merchandise and a hotel – despite the fact Uni house ted hadn’t won a league championship since the late 1960s. Ahead of a match against Arsenal at the beginning of the 1989-90 season, Knighton juggled a ball on the Old Trafford pitch in front of 47,000 fans while dressed ...