Manchester United are widely understood to only have two offers on the table to take over the football club.
Publicly announced bids were submitted by British billionaire Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani to the Raine Group, the merchant bank that is organising the potential sale on behalf of the Glazers, ahead of a self-imposed 'soft' deadline last month. American hedge fund Elliott and buyout financier Ares are also reportedly willing to finance a potential move but are not themselves bidders.
Ratcliffe and Sheikh Jassim have released statements that lay out their plans should they be handed the keys to Old Trafford, but what happens next? As the process moves onto its next stage, the Manchester Evening News have rounded up all of the very latest updates.
