Glazer set to make new United bid

A BID by American tycoon Malcolm Glazer for Manchester United could be launched as early as this week, according to sources.

Mr Glazer’s financial advisers have been studying United’s accounts for the last few weeks and are close to completing the due diligence process before a formal bid is launched. It had been expected last week, but according to the source “there are still quite a few things to set in place.”

Mr Glazer, who owns the Tampa Bay Buccaneers American football team, had a previous bid for United blocked by the board which claimed it would leave the club with too much debt.