Manchester United shares rose by £80million in the wake of speculation linking David Beckham and the Class of '92 with a takeover bid.
It was reported on Thursday that Beckham, along with former team-mates Ryan Giggs, Gary Neville, Paul Scholes, Nicky Butt and Phil Neville, were in talks to front a buyout of the club by the Qatari royal family.
The Sun claimed that the current owners – the Glazer family – had lost interest in United following a disastrous season under David Moyes. United, however, later rubbished such suggestion.
It had been suggested in The Sun that the Glazers have become disillusioned with running the club as they lurch from one disaster to another under David Moyes.
United find themselves seventh in the Barclays Premier League, having just suffered back-to-back 3-0 home defeats to rivals Liverpool and Manchester United, and have been drawn with Bayern Munich in the quarter-finals of the Champions League.
But club sources insist the club is not up for sale, with the Glazers determined to stay in charge and oversee a rebuilding job to challenge once again at the top of the table.