Qatar-based group and Sir Jim Ratcliffe have both submitted world record bids for English giants Manchester United reports the Daily Mail.

The two had until Wednesday night to present their last offers but reports emerged that they both asked for an extension until Friday to sort their respective bids.

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Multiple UK news media sources report that Sheikh Jassim ‘remains confident’ that his debt-free world record offer is the best proposal on the table but does face stiff competition from Ratcliffe’s INEOS group.

The reports indicate that both bids are believed to be in the £5 billion range, with each party believing that they are the only two who are interested in a full takeover rather than purchasing a partial stake in the Red Devils.

Those stories also warn that the bids may be enough to entice the Glazer family to sell and that there “remains some distance” between those bids and what they are seeking, reported to be closer to £6 billion.

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