But the source dismissed as 'pure speculation' talk of the price the horse racing tycoons would be ready to accept.
CONSIDERATION AND SPECULATION
But the source dismissed as 'pure speculation' talk of the price the horse racing tycoons would be ready to accept.
'Business people will always consider a proposition, and what's happening now is that people are leaping between someone listening to a proposition and accepting a proposition,' the source said.
Representatives of U.S. sports mogul Malcolm Glazer have made an unsolicited approach to Cubic Expression - McManus' and Magnier's investment vehicle - sources said on Friday.
Two Sunday newspapers suggested Magnier and McManus would be prepared to accept an offer over 300 pence a share for their 28.9 percent holding in the club.
A source close to the situation told Reuters that Glazer is considering an offer price around 300p. A spokesman from Glazer declined to comment.
Glazer has so far not detailed his offer plans to Cubic Expression, the source close to the investors said, adding: 'We're still in the realm of pure speculation.'