The Glazer family have been actively trying to sell Man United. While prospective owners haven't met their valuation, this process does not appear to have been abandoned.

Qatari banker Sheikh Jassim bin Hamad Al Thani and Jim Ratcliffe's Ineos group are vying for full control of the club.

Sheikh Jassim

Sheikh Jassim stands out as an intriguing player in the Man Utd sale, being an extremely wealthy Qatari who has placed multiple bids. A petrochemicals billionaire, Jassim is known for being reserved and private within business circles he works closely in; others who know him well describe him as guarded compared to his more outgoing father Sheikh Hamad.

Jassim is seeking the full takeover of Manchester United but will pull out if his fifth and final improved offer is rejected by the Glazer family on Friday. Jassim has long been a fan of Manchester United since childhood - attending matches, attending recreational five-a-side matches wearing red, and even playing recreational five-a-side in red shirts! To facilitate any potential takeover he established Nine Two Foundation as his vehicle; its name pays homage to their legendary academy class of 1992; however when visiting Old Trafford and Carrington last week he was absent due to work commitments involving most senior advisor Shahzad Shahbaz acting in his place instead.

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Ineos

Sir Jim Ratcliffe's Ineos Group has been gearing up to submit its second offer for Manchester United. The petrochemicals billionaire hopes to acquire all of Glazer family's shares while still maintaining some control. His offer is believed to have increased substantially since its first submission and could come close to reaching PS680m mark.

He has indicated his unwillingness to pay what he considers an unreasonable cost, with no new debt to take on, while still wanting his family members to retain some stake in the club.

Qatari businessman Sheikh Jassim, Ineos' rival bidder, may soon make his own third offer for Old Trafford. There has also been interest from US investment firm Carlyle Group and Elliott Management. Former United midfielder Paul Scholes hopes whoever takes control of Old Trafford can restore financial stability at Old Trafford; selling to new ownership was essential according to him and "a lot of the problems have stemmed from not having enough money". Unfortunately for Paul and other supporters however, The Glazers decision to extend the process a third time may delay an agreement being made.

Saudi Arabia

Saudi Arabia could make one of the offers when the Glazer family open up their club for full or partial sale this week. Multiple groups from Riyadh have made formal inquiries and could go head-to-head against Qatar and Sir Jim Ratcliffe's INEOS in what could become sports history's largest deal ever.

Elon Musk, who owns United fan club Roc Nation investment company and remains silent but could offer something, however a potential conflict of interest exists with his existing ownership of Ligue 1 club Nice via INEOS group.

Raine Group, who are managing this sale on behalf of Glazers, have requested initial bids by 10pm this Friday evening. There may be multiple groups interested and they'll work towards pooling them all into one offer.

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US investors

American private equity firm Carlyle is among several potential suitors looking to acquire a stake in Manchester United, Sky News has learned. Carlyle oversees assets worth more than $370bn and already has significant presence in the UK through investments like RAC breakdown recovery and Addison Lee taxi-hire group.

Sheikh Jassim, cousin of Qatar's former Prime Minister, has submitted a fifth offer for the club to Raine Group, the investment bank overseeing this process. Their company would presumably seek to purchase majority ownership and invest in teams, stadiums and infrastructure as well as supporting communities where the club plays games.

British billionaire Jim Ratcliffe is also considering making an offer for a majority stake. A self-professed Manchester United supporter, Ratcliffe is currently speaking with investors from both Middle Eastern and U.S. regions who support his bid - this initiative is being backed by INEOS whose expansion into sports includes investments in Formula 1, cycling, French Ligue 1 side Nice among others.