From The Observer:
Irish horseracing tycoons John Magnier and JP McManus are expected to be offered seats on the board of Manchester United, where they have built a 29 per cent stake through their investment vehicle, Cubic Expression.
A deal is expected to be thrashed out with directors led by David Gill following publication of the club's financial results at the end of this month. It is not thought the two will sit on the board themselves; instead, they would be represented by two of their associates.
The admission of Cubic Expression to the club's inner corporate sanctum needs formal approval by United's directors, who would need to be assured that Magnier and McManus were not behind a plot to take over the club, which has been at the centre of bid speculation for months.
US entrepreneur Malcolm Glazer, who owns 17 per cent of the company, has stated that he could bid.
It is thought directors are keen to establish a working relationship with Magnier and McManus after club manager Alex Ferguson settled his dispute with the duo over rights to champion racehorse Rock of Gibraltar.
The Irishmen recently challenged the club's accounting policies and standards of corporate governance.