Sheikh Jassim has submitted an improved bid in his attempt to buy Manchester United from the Glazer family, the PA news agency understands.
Both Sheikh Jassim, the chairman of Qatar Islamic Bank and the son of a former Qatari prime minister, and his rival Sir Jim Ratcliffe had submitted what had been expected to be their third and final bids for the club last month.
But amid growing confidence in the Ratcliffe camp, Sheikh Jassim has increased the value of his offer, which as before is for 100 per cent of the club, will clear all debt and includes a separate fund directed solely at the club and community.
Sheikh Jassim was the first prospective owner to publicly confirm a bid during the first round back in February and was soon joined by Ratcliffe, the Manchester-born owner of INEOS.
The first quarter of the year was initially recognised as a key time in a process that has rumbled on and threatened to overshadow United’s push for a Champions League qualification place.
United fans have made clear their desire for a full buy-out from the Glazers, who have been unpopular since their leveraged takeover of the club in 2005.