The Sunday Express says Magnier, who owns Irish horse racing stud Coolmore, and influential racehorse owner McManus did at one stage become Manchester United's major shareholders before selling out to the Glazers and banking an £80million profit.

Now they are considering investing in Liverpool, which is being torn apart through the battle involving bickering American co-owners George Gillett and Tom Hicks.

The duo's negotiations are still in the early stages and it's not yet certain whether they are looking for a part share of the club or are planning a complete takeover. But the pair - regular visitors to the city for racing at Aintree - are keen to play a role in the future of the club.