3 is my personal favourite, but a great design eitherway!!
I too would prefer to see something more personal on the flag, i.e. one or two of their famous quotes.
With the volume of people willing to contribute I would love to see the banner up for the Arsenal game, although time is of the essence.
The following home game is the derby and I'd love to see any remaining money used for a large flag, dropped from the family stand, facing their fans. Big Mal would have loved this to wind the reds up. I like the idea from a previous flag design of Joe and Mal "Who is laughing now", however my idea is a large silhouette of the famous image of Big Mal holding up 3 fingers infront of the Stretford End.
I'll happily donate for any idea to show our love for the big man.