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Sir Jim Ratcliffe and Sheikh Jassim bids 'not received' by Manchester United as Glazer concern detailed

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Bids not received Second offers from both Sir Jim Ratcliffe and Sheikh Jassim bin Hamad al-Thani had not been received by merchant bank the Raine Group by Wednesday's supposed 9pm deadline, according to reports.

The club set a deadline for second offers to be sent to the Raine Group as they enter the next stage of bidding, with the two long-time frontrunners Sheikh Jassim and Ratcliffe expected to submit their improved offers in line with that deadline. ALSO READ: United share price rises ahead of takeover deadline However, according to widespread reports, neither offer had been received by the Raine Group in New York, with delegates of both Sheikh Jassim and Ratcliffe requesting an extension.

The merchant bank are said to be willing to accommodate the pair. Glazer concern Elsewhere, the Daily Mail reports growing concern that the Glazers may opt out of a full sale of United, instead offloading a minority stake for investment.

The timing of said bids notwithstanding, both Ratcliffe and Sheikh Jassim are expected to table improved offers from the reported £4.5billion ballpark of their initial bids.

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