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Manchester United sale goes to third round of bidding

The potential sale of Manchester United has gone to a third round of bidding.

Qatari banker Sheikh Jassim and Ineos owner Sir Jim Ratcliffe both submitted a second bid to buy the Old Trafford club last month, with Finnish entrepreneur Thomas Zilliacus also saying he had submitted a bid.

The Glazer family, who bought the club for £790m in 2005, announced they were considering selling in November.

The Americans have established a valuation of £5bn-6bn for United.

The second stage ended last month with uncertainty over whether the process had reached the point of exclusivity being granted.