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Magnier and McManus, who are close friends and allies of United boss Sir Alex Ferguson, are the biggest single stakeholders in the eight-times Premiership champions.
They hold 10.37 per cent of the club, a stake which is valued at nearly £40 million, through their Cubic Expression investment arm.
It is reported that the racehorse owners were disappointed when the Red Devils paid a British record £30 million to Leeds United last summer for the world's most expensive defender Rio Ferdinand.
Transfer fees have fallen dramatically since the Ferdinand purchase - United sold England captain David Beckham to Real Madrid for £24.5 million.
Reports claim that there could be a buyer for the stake though they doubt whether a City institution would bid.
Magnier and McManus, who are close friends and allies of United boss Sir Alex Ferguson, are the biggest single stakeholders in the eight-times Premiership champions.
They hold 10.37 per cent of the club, a stake which is valued at nearly £40 million, through their Cubic Expression investment arm.
It is reported that the racehorse owners were disappointed when the Red Devils paid a British record £30 million to Leeds United last summer for the world's most expensive defender Rio Ferdinand.
Transfer fees have fallen dramatically since the Ferdinand purchase - United sold England captain David Beckham to Real Madrid for £24.5 million.
Reports claim that there could be a buyer for the stake though they doubt whether a City institution would bid.