Topics: Premier League, Manchester United, Sheikh Jassim bin Hamad Al Thani, Sir Jim Ratcliffe
The Qatari and his entourage have sent an an improved bid to acquire the Red Devils in the final bidding round.

Manchester United have received an improved bid of over $6.3 billion (£5 billion) from Sheikh Jassim bin Hamad Al Thani, according to reports. The latest offer by the Qatari was submitted just before the 10pm deadline on Friday, and has the potential to be the highest-ever paid towards the acquisition of any sporting organisation. 

According to Sky Sports, the determination of Sheikh Jassim and his entourage remains resolute, as their offer to buy United - which falls short of £6 billion asking price of the club's owners - includes not only a world-record figure, but also significant additional funding for transfers and infrastructure. Furthermore, the Qatari has pledged to use some of the funds to either redevelop Old Trafford or build a new stadium, as well as to transform the club's training facility. 

It is reported that Sheikh Jassim is the only bidder known to want full control of the Red Devils, with the offer buying out the Glazers and all other shareholders. However, he is adamant to grossly overpay for the club, according to those with knowledge of the process. His main rival for United is Sir Jim Ratcliffe, the British billionaire seeking a controlling stake of more than 50 per cent. 

In hindsight, the INEOS owner who also sent his final bid on Friday night, has proposed the option that would allow two brothers from the Glazer family, Joel and Avram, to retain their 20 per cent stake. The stance of the Englishman is seen as controversial, with fans of the club kicking back and hitting out at his proposal owning to their persistent animosity towards the Glazer family ownership.

Meanwhile, the final decision on the sale of the club now rests with United's American owners, who will have to decide whether to accept Sheikh Jassim's offer or hold out for a higher bid. The process is expected to be completed in the coming months before the summer transfer window officially opens.