Manchester United transfer news LIVE Sir Jim Ratcliffe takeover bid updates plus Rashford latest

It's set to be a significant day in the race to buy Manchester United.

It's reported the club has set a deadline of Wednesday night for interested parties to submit their second bids to purchase the club from the Glazer family. Sheikh Jassim bin Hamad Al Thani and INEOS founder and chairman Sir Jim Ratcliffe are front runners battling to buy the club.

Speaking to the Wall Street Journal, Ratcliffe said: "How do you decide the price of a painting? How do you decide the price of a house? It’s not related to how much it cost to build or how much it cost to paint. What you don’t want to do is pay stupid prices for things because then you regret it subsequently."

"Our interest in that club would be purely in winning things."

Meanwhile, United's Europa League quarter-final opponents Sevilla have hired Jose Luis Mendilibar as manager after sacking Jorge Sampaoli.

TODAY'S BIG TALKING POINT: Would you like Sir Jim Ratcliffe to buy the club? Have your say here.

Stay tuned for all the day's United news.

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 and 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.

Here's what he said.

For Manchester United the magic number between now and the end of this draining season is 65. That is the number of games this team will play if they go on to reach the final of the FA Cup and