I am pretty sure this is similar to the older style I have, which is shown on the previous page. If you hold the outer part of the knob, and get a spanner wrench on the inner nut, it should loosen. It is initially very tight, and probably cannot be done with needlenose pliers or the like, which is why I made the spanner shown. The scars testify to prior attempts to do it with the wrong tool. It's a 1/4 inch drive socket (I think it was also 1/4 inch nut size), filed down. The cheap Asian sort, not too heavily tempered, can be filed or milled without much trouble.