Sheikh Jassim Bin Hamad Al Thani, a Qatari billionaire, has submitted a competitive bid to acquire Manchester United football club. The deadline for second bids was Wednesday, but Sheikh Jassim’s representatives asked for an extension and were given more time. Finnish entrepreneur Thomas Zilliacus and Sir Jim Ratcliffe have also submitted revised bids. The Glazers, the current owners of the club, want at least £6bn for the sale, and there have been reports of as many as eight separate potential investors. Raine Group and the Glazers will evaluate all the proposals and decide on the next steps, and it should be revealed next week if there is going to be one preferred bidder or another round of bids. The sale of Manchester United is indicative of the huge amounts of money in the football industry and the trend of selling football clubs to wealthy investors. Many football clubs have become businesses owned by wealthy investors, who see them as a way to gain prestige, influence, and connections.