Manchester United takeover news LIVE as share price soars amid Sheikh Jassim rumours

Manchester United's takeover process continues to rumble on today as fans wait expectantly for updates.

On Monday, the Reds' share price soared to its highest price in a month as rumours circulated about the situation coming to an end. Recently, Sheikh Jassim bin Hamad Al-Thani submitted an improved bid to buy United - his fifth of the process.

This bid was understood to be around the £5bn mark as well as a promise of £1bn investment. Should it be accepted, this would give the Qatari businessman full control of United.

Sheikh Jassim's main rival, Sir Jim Ratcliffe, has put forward an offer which would see him claim a 60 per cent stake in the club. Reports have suggested the Glazers will enter into a period of inclusivity this week and this led to the shares in the club topping $20 ($20.14) on Monday.

As of this lunchtime, United's share price has risen to $24.56. Other reports have stated Sheikh Jassim is now in the driving seat to takeover but no official confirmation has yet been received.