Newspaper reports suggest American multi-millionaire Malcolm Glazer is poised to launch a takeover bid.
Glazer, owner of the Tampa Bay Buccaneers gridiron franchise, has already acquired a 19.2 per cent stake in United.
He has so far refused to declare an interest in buying the club outright.
However, the Daily Star on Sunday quotes top banker Mehmet Dalman, who has helped Glazer acquire around £140million of United shares, as saying: "The Glazer family - Malcolm and his sons Joel, Ed and Bryan - are interested in having a major involvement in United.
"The Glazers want to own the club - either through buying more shares or through management or board level."
The Mail on Sunday also cite unnamed sources as saying Glazer will soon approach United's board over a possible move.
He is expected to seek the support of United's major shareholders, John Magnier and JP McManus, who own 28.9 per cent via their Cubic Expression company.
This from Reuters:
U.S. sports tycoon Malcolm Glazer has lined up a bid worth at least 650 million pounds ($1.17 billion) for the world's richest soccer club, Manchester United , the Financial Mail on Sunday said.
The newspaper, citing unnamed sources, said Glazer had hired investment bank JP Morgan to advise him on how to structure the bid and was expected to approach the club's board in the next few weeks with a highly leveraged offer.
Bid preparations were said to be at an advanced stage, the paper said, adding Glazer would have to borrow heavily against the club's assets to finance a bid.
None of the parties named in the report were immediately available for comment.
The paper said Glazer, who owns a 19.2 percent stake in the club, would seek the support of Manchester United's biggest shareholders, Irish racing tycoons John Magnier and J.P. McManus, for his bid.
Their investment vehicle Cubic Expression owns 28.9 percent of Manchester United, which earlier this week warned that its current year profits would be hit by lower television revenues.
The paper said Glazer, who owns the Tampa Bay Buccaneers American football team, planned to delist the soccer club's shares from the stock exchange.
Such a move which would run into strong opposition from the club's fans, who own about 18 percent of Manchester United's shares, it added.
Shares in Manchester United ended Friday at 257.25 pence, giving it a market value of around 675 million pounds.
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