The Times newspaper reported on Friday that 60 investors have pledged up to 1.5 billion pounds in their bid to seize control of the club. A spokesman for the group said they had received a very good level of interest.
The "Red Knights", a collection of City figures including former Football League chairman Keith Harris and Goldman Sachs Chief Economist Jim O'Neill, have said they are looking at the feasibility of putting together a bid for the world's third-richest football club.
"No specific discussions have been held in relation to the value of Manchester United," the group said in a statement. "People are talking about putting their own money in and are only going to do so if it's at a fair and reasonable price.
"Every penny over a fair price that goes to the Glazers in profit is less money that could be spent on putting the club on a sound financial footing after any takeover."
