Manchester United takeover latest: Ratcliffe reveals intentions as fresh Glazers deadline looms

Formal bids for Manchester United should be submitted by the end of play today.

It could become another milestone day in the club's takeover process when other interested parties could emerge. Equally, existing bidders could strengthen their positions by formalising their indicative proposals.

The second stage of the sale process is reaching its conclusion, and further clarification should follow over the coming hours. Here are all the latest United takeover headlines:

READ MORE: Sir Jim Ratcliffe breaks silence after Manchester United takeover meeting

The deadline for official offers to acquire the club is reportedly 9pm on Wednesday; several national outlets are reporting.

The latest cut-off date could see several more bidders enter the process. Sky Sports claims that some six new parties could come to the table with formal bids.

The Sir Jim Ratcliffe-led INEOS group and Sheikh Jassim bin Hamad Al Thani's Nine Two Foundation will formalise their interest following meetings in Manchester earlier this month. US hedge Elliott Management are the other known organisation to have visited Old Trafford.

Sir Jim Ratcliffe said he will not pay a 'stupid price' to buy Manchester United from the Glazer family, having met club chiefs for takeover talks last week.

The INEOS founder and chairman visited Old Trafford as well United's training ground on Friday - the day after Sheikh Jassim bin Hamad Al Thani's delegates also spent the day in Manchester for talks. Ratcliffe and Sheikh Jassim both submitted bids to buy United in February and the process of a possible sale of the club has since moved into its next phase.

While the initial offers made by interested parties are thought to have fallen short of the Glazers' reported £6bn