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Bids to buy Manchester United confirmed

Two bids to buy Manchester United have been confirmed as the Glazer family continue to explore either the full or partial sale of the Premier League giants.

Over the last few months the American family have been seeking potential investors in Manchester United and they have not been short of suitors.

But two bids have now taken center stage as they arrived before a well-documented deadline on Friday at 5pm ET.

One is from INEOS owner Sir Jim Ratcliffe, who failed to buy Chelsea last year but was always said to prefer a bid for his boyhood club Manchester United. The second bid is from Qatari Sheikh Jassim bin Hamad Al Thani, who is seeking full control of the club and is the chairman of Qatar Islamic Bank as his father was the former prime minister of Qatar.

The Glazer family bought United in 2005 for $1.4 billion and it is believed they are now asking close to $6 billion for a full sale of the club.

Sir Jim Ratcliffe’s INEOS confirmed they have ‘submitted a bid for majority ownership of Manchester United’ and went into more detail on their plans.

“We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community. We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again.

“We also recognise that football governance in this country is at a crossroads. We would want to help lead this next chapter, deepening the culture of English football by making the club a beacon for a modern, progressive, fan-centred approach to ownership. We want a Manchester United anchored in its proud history and roots in the northwest of England, putting the Manchester back into Manchester United and clearly

Read more on nbcsports.com