The directors of United’s New York-listed holding company met on Thursday to discuss the progress of the club’s £5bn-plus auction, Sky News understands.
The Ineos billionaire Sir Jim Ratcliffe remains the leading candidate to buy Manchester United Football Club despite an inconclusive board meeting held late last week.
A source close to the auction said the directors did not opt to enter into exclusive negotiations with either Ineos Sports or its principal rival, the Qatari businessman Sheikh Jassim bin Hamad al-Thani. Nevertheless, a further proposal remains possible, with a signed deal with either bidder said to be unlikely prior to United's FA Cup Final against local rivals Manchester City next weekend.
The Red Devils did win their first trophy for six years by beating Newcastle United in this season's Carabao Cup Final. These investors' proposals would provide capital to allow United to revamp the ageing infrastructure of its Old Trafford home and Carrington training ground. Part of the justification for such a valuation resides in potential future control of the club's lucrative broadcast rights, according to bankers, alongside a belief that arguably the world's most famous sports brand can be commercially exploited more effectively.
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