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Manchester United bidders are expecting to hear back from Raine Group THIS WEEK as share price drops by 13% amid fears Glazers want to remain in control of the club

Related Topics: Manchester United, Avram Glazer

Bidders for Manchester United are expecting to hear back from those running the process this week.

Sportsmail understands that US merchant bankers Raine Group are set to reach out to those who sent in offers to either buy or make an investment in the Premier League giants over the coming days, according to those with knowledge of the situation.

The development comes following another rough day for the club’s share price. The figure rocketed when this newspaper revealed that a bid from Qatar would be forthcoming earlier this month.

However, following reports that owners, the Glazer family, are considering remaining in control of United at one stage yesterday the price had dropped by around 13 per cent.