Man Utd takeover: Sir Jim Ratcliffe & Sheikh Jassim to submit new bids as deadline extended amid confusion - Legit Sports

Man Utd takeover: Sir Jim Ratcliffe & Sheikh Jassim to submit new bids as deadline extended amid confusion - Legit Sports

Man Utd takeover: Sir Jim Ratcliffe & Sheikh Jassim to submit new bids as deadline extended amid confusion - Legit Sports

Ineos owner Sir Jim Ratcliffe and Qatari banker Sheikh Jassim are set to submit new bids to buy Manchester United after a deadline was extended at their request amid confusion on Wednesday night.

Bidders were told they had until 21:00 GMT to submit second, revised bids.

BBC Sport has been told several other proposed investors made their submissions by that time.

It is unclear when the new deadline will be.

Ratcliffe and Sheikh Jassim are the only publicly declared bidders.

It is understood US investment company Elliott has made an offer to purchase a minority stake, irrespective of who ends up owning the club.

Initially on Wednesday evening there had been strong indications from sources close to the pair that they had submitted fresh bids.

But it then emerged over the past 48 hours first the Qatari team and then Ineos had submitted requests to Raine - the investment bank conducting the sale - for more time to make their second offers, which was granted.

The situation is described as "live and fast moving" by someone close to the talks but sources insist that both Sheikh Jassim and Ineos are committed to making second bids.

However, the twist in the sale process will only reinforce concerns among some fans that American owners the Glazer family may decide not to sell the club.

Ineos wants to buy the combined Glazer shareholding of about 69%, but the Qataris are targeting 100% of the club.

Both sides met with United officials earlier in March.