DAILY STAR
Sheikh Jassim bin Hamad is poised to meet the Glazers’ £6billion asking price for Manchester United in the hope of blowing rival Sir Jim Ratcliffe out of the water.
The Glazers set a deadline of 9pm on Wednesday (March 22) for prospective new owners to submit revised bids for the English giants. Initial offers from Qatari banker Sheikh Jassim and INEOS owner Ratcliffe were in the region of the £4.5b mark – well short of the £6bn the Glazers want.
While Ratcliffe is also understood to have increased his bid for United, he is not prepared to get involved in a Dutch auction with the Qataris.
Once the revised bids are submitted by interested parties, a preferred bidder will be identified by Raine, the US investment bank conducting the sale on behalf of the Glazers.
The chosen candidate will then be given further access to more club documents, in order to carry out full due diligence ahead of a proposed agreed sale with United’s current owners
