The group of investors are being led by chairman of investment bankers Seymour Pierece, Keith Harris, and chief economist at Goldman Sachs, Jim O’Neill.
O’Neill is reportedly a close friend of United manager Sir Alex Ferguson.
“A group of high net worth individuals, who support Manchester United, met in London yesterday,” the group, calling themselves the Red Knights, said in a statement.
“This group is supportive of current management but are looking at the feasibility of putting together a proposal to be put to the Glazer Family regarding the ownership of Manchester United.
“These discussions are in early stages and no contact has been made with the Glazer Family.
“For such a proposal to be viable, it would require the involvement and support of Manchester United supporters worldwide.”