The stance from the elder of the two co-owners puts the approaches from Ratcliffe and Sheikh Jassim in doubt, while Zilliacus' bid looks even more unlikely than it already did. However, it could open up an opportunity for a part sale of United.
Raine have received at least one offer for a minority stake in United. Elliott Investment Management are a firm based in Florida and have made an approach to invest in the Red Devils.
The Glazers would still have control but there would be extra funds available. United need to upgrade Old Trafford as well as the club's Carrington training ground.
United supporters would largely be against a 'funding bid' from a company such as EIM. They have protested against the Glazers' ownership for the best part of two decades.
Want the latest Premier League news as we publish it on Express Sport? Join our new Facebook group by clicking here