Manchester United takeover news LIVE Man Utd bidders 'told winner this week' as takeover rules change

It's now approaching seven months since the Glazers issued a statement to confirm that they were open to selling Manchester United but the takeover process rumbles on.

British billionaire Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani are the two parties vying to take control of the club. Ratcliffe is after a majority stake while the latter wants to secure full control.

As the takeover process continues to rumble on, the Premier League announced a significant rule change on Wednesday as they banned fully-leveraged buy-outs of its clubs.

The Premier League announced the changes in its regulation on Wednesday following its Annual General Meeting, with all members unanimously agreeing to the change.

The Glazer family financed the majority of their £790m purchase of United in 2005 through loans, some being secured against club assets. The Owners’ and Directors’ Test was introduced by the Premier League a year earlier to ensure that buyers are ‘fit and proper’.

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It's being reported by the Daily Mail that there's hope a winner in the United takeover race will be announced this week.

Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani are both hoping to buy the club, though the former is understood to want a majority stake in United while Sheikh Jassim wants a full buyout.

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