The Glazer family have no plans to sell any of their shares in Manchester United.

The Irish Independent says rumours have surrounded a potential Saudi Arabian offer for the last week, pushing United's share price to an all-time high on the New York Stock Exchange.

But it is understood that, as things stand, the Glazers are not looking to sell and United have not initiated any discussions, while it has been reported co-owner Avram Glazer has pulled out of an investment forum in Saudi Arabia next week.

United already have business interests with Saudi Arabia, with Saudi Telecom the club's official integrated telecommunications partner.