US hedge fund Elliot Management have joined the race to invest in Manchester United after a controversial night. Wednesday, March 22 at 9pm was the deadline for bids to go in for the club but there was uncertainty over whether public suitors Jim Ratcliff and Qatari banker Sheikh Jassim got their offers in on time.
It is reported that controlling bank Raine Group - in charge of the process, as they were with the sale of Chelsea last year - didn't receive the fresh bids. It now appears that a new deadline has been given until Friday.
American-based investment compant Elliot did meet the deadline, though, and have reportedly tabled an offer of their own with the desired value thought to be between £4.5-5bn.
