• Qatari banker offers around £5bn for 100% of club
  • Interested parties needed to make offers by 10pm BST on Friday

Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe have lodged final bids for Manchester United by Friday’s 10pm BST deadline. The offers are markedly less than the £6bn valuation of the club’s owners, the Glazers.

Sheikh Jassim, a Qatari banker, remains intent on purchasing 100% of the club but will not pay more than what he believes United are worth. The Guardian understands this is around £5bn, roughly £1bn below the American family’s asking price.

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