Nomura previously advised the Manchester United board before the Glazers' bid to buy the club.[77] The Red Knights later admitted that they would not make a bid for the club before the end of the 2009–10 season,[78] but it was believed that their preferred bid option would have involved retaining the £500 million bond issued by the Glazers. Two-thirds of a further £700 million would be provided by 30–40 wealthy Manchester United fans, with the remainder provided by fund-raising from ordinary fans.