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Manchester United takeover battle intensifies as increased bids are made

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The battle to take over Manchester United has intensified after Ineos owner Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad al-Thani both submitted improved bids shortly before Wednesday night’s 9pm deadline.

While both sides were keeping the size of their offers close to their chests – and not commenting publicly due to a strict non-disclosure agreement all parties have had to sign – it is widely expected that they will top the highest first-round bid, which was believed to be approximately £4.5bn.

However, despite frenzied speculation in recent days, some well-placed sources have cautioned that the bids may still fall short of the Glazers’ desired asking price of between £5bn and £6bn.

There is also scepticism in some quarters over recent reports linking United with as many as eight potential suitors – with some privately speculating that the Glazers and the Raine Group, the banking firm charged with brokering the sale, are hoping the stories will encourage even larger offers.

Read more on theguardian.com
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