The Glazer family favour cutting ties and selling their entire shareholding of Manchester United.

The owners revealed in November that they were willing to listen to offers for either a stake in the Premier League giants or an outright purchase.

But the Daily Mail says the Glazers see more appeal in selling the club as opposed to offloading a percentage stake.

Huge investment is thought to be needed for renovations to Old Trafford and the training ground.

Some believed this would deter new owners from stepping forward, but that has reportedly not been the case.

Merchant bankers Raine Group, who helped with the sale of Chelsea last year, have been tasked with overseeing the process at the Theatre of Dreams.

And while it remains in the early stages, a more formal process is set to begin in the next "three to four weeks".