Sheikh Jassim ready to increase on the $5.5 billion Takeover Bid of Manchester United in the next round scheduled in a Week’s Time

Those who submit offers for Manchester United will hear back in around a week's time. At that stage, another round of bidding could be organised.

Sheikh Jassim is “very confident” his debt-free bid to buy Man United will win over the Glazer family as the £5 billion takeover battle enters its defining stage.

It is only the Qataris who are known to be able to do a deal without Wall Street lending of some sort and they believe they are on a very strong footing.

Goldman Sachs and JPMorgan Chase and Co are understood to be helping bankroll Ratcliffe's offer with bonds and loans beyond the value of United’s existing gross debt of £680m.

The British billionaire Sir Jim Ratcliffe is still expected to table a rival bid but the Qataris are now of the firm belief they have the upper hand in what would be a landmark deal.

In recent days, Barclays has shelved two loans for Ratcliffe's Ineos Enterprises, according to Bloomberg. Sources close to the billionaire were dismissive of the prospect market conditions could in any way hamper his bid.

[Telegraph Football]