Pressure on Glazer

American sports tycoon Malcolm Glazer is likely to come under pressure today to make a statement about any takeover approach for Manchester United.

Glazer, the second largest shareholder in United with a 19.2 per cent stake, is said to have approached JP McManus and John Magnier about selling their 28.9 per cent stake.

With reports suggesting Magnier and McManus would be prepared to accept an offer of more than 300 pence a share, there is likely to be a call from United and other shareholders for some clarity in the situation.

Glazer is going to have to win a PR battle with furious fans after Shareholders United called for supporters to defeat the new bid.

It is reported that the London PR firm Brunswick, which has been advising Glazer, has been hit by a blitz of emails and phone calls. Fans have also arranged for taxis, pizzas and plumbers to turn up at the firm's offices.