Fabrizio Romano has confirmed that both Ineos and the Qatari group are preparing new bids to buy Manchester United.

The Lowdown: Takeover talks rumble on

It seems as though the Man United takeover took a big step forward last week as the two prominent bidders - Ineos and the Qatari consortium - both made the journey over to Manchester and visited both Old Trafford and the Carrington training base.

Following those visits last week it was reported that the Qatari group were lining up an imminent second bid to try and at least get closer to the £6 billion valuation the Glazers have slapped on Man United.

Sir Jim Ratcliffe has been a long-time admirer of Man United as even in 2022 it was being mooted about him wanting to take the club off the Glazer's hands, although he thought they were unwilling sellers at the time.

The Latest: Both groups set for second Man United bid

Romano has admitted on his YouTube channel that both Ineos and the Qatari consortium are now planning and getting set to lodge second bids respectively, which may well be a sign of yet another step in the right direction.

He said: (3:30) "We can say that both groups, Ineos with Sir Jim Ratcliffe and Qatari group with, of course, Sheikh Al Thani both of them are preparing new bids for Manchester United.

"The Glazers want around £6-7 billion to sell Man United and both the Qatari group and Ineos group are really interested after talks last week and last few days were very positive.

"Now, it is time to make a new proposal and enter into a crucial moment of the process. So, keep an eye on the Manchester United situation in the next days and weeks because now we enter into crucial moments of  the conversation."

The Verdict: Crucial period for Man United and the Glazers

It will be huge for Erik ten Hag to know who will be owning the club ahead of the summer transfer window as it'll help him to determine how much money he'll have to spend and thus, decide which targets are plausible to go out and sign.

Last week it was reported that everything was looking positive in terms of getting a sale done and dusted prior to the summer transfer window opening, although if these next bids don't get near the £6 billion valuation, things could being to be drawn out.

The Glazers have indeed slapped a monster valuation on the club, however, they are said to still be willing sellers, as long as they get a fair price for the club, although it remains to be seen here or not the Qatari group of Ineos are open to meeting that valuation.