Today is set to be another pivotal day in the Manchester United takeover.
By 9pm GMT (5pm ET; 2pm PT), it is expected that Raine, the investment bank overseeing the bidding process on behalf of the Glazer family, will have received formal offers from interested parties as part of 'stage two'. Petrochemicals company INEOS, fronted by owner Sir Jim Ratcliffe, and Sheikh Jassim bin Hamad Al Thani's Nine Two Foundation are expected to formalise February's indicative proposals after meeting with United executives last week.
Other bids could also be forthcoming, with American hedge fund Elliot known to have visited Old Trafford this month while Ares are another investment management company who refused to comment about any involvement in the process. Here's the current state of play.
