The potential sale of Manchester United has entered a third round, the PA news agency understands.
The club announced in November that their owners, the Glazer family, were exploring “strategic alternatives” for the Old Trafford outfit, with a sale one of the options considered.
American bank the Raine Group, which facilitated the sale of Chelsea last summer, was brought in by United to oversee the process, with February 17 the soft deadline for expressions of interest.
A second deadline for those that progressed was set for March 22, only to be extended by a few days.
Now a third stage is understood to be under way as the process rumbles on towards the latter stages of the season.
Sheikh Jassim, the chairman of Qatar Islamic Bank and the son of a former Qatari prime minister, was the first prospective owner to publicly confirm a bid.
INEOS owner Sir Jim Ratcliffe quickly followed, with both parties making trips to Manchester last month to visit the club and speak to the senior hierarchy.
Elliott Investment Management has reportedly made an offer and Finnish businessman Thomas Zilliacus also says he has made a bid.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here