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Winning bid for Manchester United likely to be picked by early April

Second bids from buyers and investors interested in Manchester United must be lodged by next Wednesday, reports the Daily Mail.

It had been thought the Red Devils would give them around ten days to lodge fresh bids.

However, the process has been tightened, and next midweek is the cut-off point, with Wednesday the likeliest deadline.

Final offers are due around early April when the likely winner is chosen.

It is exactly unknown what the next stage will be after the new bids are tabled.

Initial bids were submitted weeks ago, and Man United have held meetings with Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe.

They have publicly announced their intention to buy the club from the Glazers and are expected to weigh up their options again after getting armed with all the necessary information.

It will inform the decision of the value of their next offers, but it is unclear whether Man United will enter into an exclusivity period with one group.

The Red Devils are not wasting time and could decide which bidder has emerged top in the race by next month.

Ratcliffe wants the Glazers’ majority stake (69%), while Sheikh Jassim wants 100% of the club.

The Qatar Islamic Bank chairman has also promised to clear the £515 million debt from the Glazers’ leveraged buyout.

The duo must be willing to move closer to the club’s £6 billion valuation to have a chance.

The Glazers are willing to sell once that happens, and it is safe to say the ball is now in the buyers’ court.