The "Red Knights" consortium signaled their intention to buy out the American Glazer family on March 2 and have been recruiting new investors and working on a proposal.
In a press statement, however, they announced that they would not be making an offer until at least June to avoid providing a distraction from the club's pursuit of the Premier League and Champions League trophies
"In the next few weeks we will continue to work on our proposal," the statement said. "We do not expect this to be finalized before the end of the current football season.
"This will have the advantage of minimizing external distractions as the team enters the decisive period of the season."
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