Purchase conflict Sheikh Jassim and Ratcliffe submit second bids for Manchester United

The bidding war for Manchester United heated up on Wednesday when Qatari banker Sheikh Jassim Bin Hamad Al Thani made a second bid for the English club. Jim Ratcliffe, a British billionaire, is also expected to make a second bid for the 20-time English champions. Raine, the merchant bank hired to help with the club's sale, had set a deadline of 2100GMT on Wednesday for interested parties to declare their bid. However, Sky Sports reported that the deadline has been extended to allow for the finalization of proposals. United's owners, the Glazer family, are said to have set a world record for a sports club valuation of £6 billion ($7.3 billion). Sheikh Jassim's bid for full control of the club promises to wipe out United's $620 million debt and invest in a new stadium and training facility, as well as support for the men's and women's teams.According to a source close to Sheikh Jassim's bid, he is still confident that his bid is "the best for the club, fans, and local community."