Manchester United takeover news LIVE Sheikh Jassim 'increasingly confident' of winning bid as Man Utd face FFP concern

Manchester United look set to go through the month of June without a transfer for the second consecutive year, and the ongoing takeover process is having an impact.

It has been more than seven months since the Glazers announced plans to 'explore strategic alternatives' for investment, but the American family have done little to reassure supporters since. Some fans attended Tuesday's home shirt release at Old Trafford to protest.

Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe remain the two frontrunners, with the former reportedly becoming 'increasingly confident' that his proposal will come out on top. The Qatari banker hopes to buy 100 per cent of the club and takes his confidence in the uncertainty regarding Ratcliffe's majority buyout.

Meanwhile, United are concerned about their adherence to Financial Fair Play regulations this summer and have formulated a transfer budget of £100-120m as a result. A football finance expert has told MEN Sport that a takeover would potentially give the club 'greater flexibility' when it comes to managing FFP.

Take a look at our blog below for all of the day's updates on the takeover situation.

The new shirt is an homage to Manchester and Salford, with a design featuring the Lancashire Rose and the iconic industrial revolution-era bridge over the River Irwell. The traditional red shirt, white shorts and black socks will be worn for the first time against Leeds in a pre-season friendly.

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According to Bloomberg, the Qatari group led by Sheikh Jassim is 'increasingly confident' it has beaten INEOS chief Sir Jim Ratcliffe to the purchase of Manchester United.

It's claimed that those within the inner circle of the Qatari bid have now begun communicating their confidence of