The deal to acquire MU from Qatar is still not over

MU announced last November that the board was considering "strategic alternatives to enhance the development of the club", in which selling the entire team was one of the options.

Qatari businessman and investment group are said to be likely to buy MU

The current owners, the Glazer family, are believed to value United at £6bn and the Raine Group has been brought in to oversee the process.

Sheikh Jassim Bin Hamad Al Thani, a Qatari businessman, made his fifth and final bid for Manchester United last week. The Qatari offer was more attractive to the owners of Manchester United than the rival British billionaire Jim Ratcliffe. A new report suggests that if the exclusive rights are granted to Sheikh Jassim, it will close the Ratcliffe bid.

But sources close to the bidding told AFP there had been no official update from Sheikh Jassim and no timetable for the next steps. The Qatari investment group's offer was for a 100% stake in the Manchester club. It is understood Ratcliffe wants to buy a controlling stake to allow the Glazers to remain involved, a move that would be unpopular with fans.

British billionaire Ratcliffe is said to be losing the race to take over MU.

A new company, Nine Two UK Holdings Limited, set up in the UK on 15 June, is understood to be part of Sheikh Jassim's preparations if his bid for United is successful. Documents published on the Companies House website list Sheikh Jassim as an individual with significant control over the company.

INEOS chemical company founder Ratcliffe appears to be the frontrunner to win the race to buy United after the third round of bidding ended at the end of April.

United ended a six-year trophy drought by winning the League Cup in March and finished third in the Premier League in Erik ten Hag's first season in charge. The long-running ownership saga has led to uncertainty over the club's future as they prepare for the summer transfer window.

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