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Published 12:48 12 Mar 2016 GMT
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To put some context on the extract. Souness was managing, and experiencing great success, with Rangers at the time. While Ferguson had yet to taste significant success with United.
Martin Edwards, the club's chief executive, had agreed a £10million sale of his stake to businessman Michael Knighton, who dressed in a full United kit, and performed keepie-uppies on the Old Trafford pitch on announcement of the deal.
The sale would fall through, and Souness would join Liverpool, but things could've been very different.
"Had Michael Knighton completed his takeover of Manchester United in 1989, Souness would have replaced a then struggling Alex Ferguson. Knighton had agreed to buy Martin Edwards’ stake for £10million and appeared on the pitch at Old Trafford before a game dressed in a full United kit to publicise his proposed purchase. At a meeting in Edinburgh, Knighton discussed the project until the early hours of one morning with Murray, who planned to make a considerable investment in United. It was agreed that Souness should be United’s new manager and Walter Smith would earn promotion at Ibrox from his role as Souness’s assistant. Knighton’s acquisition, however, fell through when (David) Murray (the Rangers chairman) had second thoughts."
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