A third round of bidding for Manchester United is reportedly set to begin, with the best proposals arriving by the end of the month.
Last year, the Glazer family said that they would be investigating “strategic alternatives” for the club, including the potential of a full sale or new investment.
After two rounds of bidding, Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe have emerged as the frontrunners.
Ratcliffe wants to buy the Glazers’ majority stake, whereas Sheikh Jassim wants to buy the entire club.
The pair missed the deadline for the second round of offers last month, but they were allowed an extension to submit new bids for the 20-time English champions.
Seven parties are believed to be interested in purchasing Manchester United or acquiring a minority position in the club.
According to the Daily Mail, potential buyers have now been advised that there will be a third and final round of bidding.
The Raine Group, who are arranging the sale on behalf of the Glazers, have given interested parties two deadlines.
The first deadline is set for next week and is for due diligence, while the second is for final offers to be submitted on April 28.
The decision to restart the process signals that the Glazers have yet to receive their asking price of £6 billion.
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There is also lots of speculation that the Glazers are pressing for a complete sale of the club rather than a minority stake.
Yet, possible investors remain interested, notably the US-based hedge fund Elliott Management, which once owned AC Milan.
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