Seymour Pierce executive chairman Keith Harris believes a takeover bid from the Red Knights consortium for Manchester United would fall on deaf ears.
The group are still interested in taking the Old Trafford club on, but Harris, who is part of the group, is sure any move would be wasteful as the Glazers will not sell in the current market.
"The message I thought came loud and clear from the current owners that they are not interested in selling it," he told Sky Sports News.
"I've been around long enough in the trading business to know that for a trade to happen it requires a seller and a buyer who will meet.
"If the owner is not a seller and owns all of it and isn't under pressure to sell it then there isn't going to be a deal.
"I don't think there's any point (in a bid). If you had such a clear message that the current owners don't want to meet with a prospective buyer then I think you've got to say 'there's no purpose in tabling a bid'.
"Bids were tabled in the past and were declined. They obviously don't feel under pressure or under desire to do it today."