Qatar Islamic Bank (QIB) Chairman Sheikh Jassim bin Hamad Al Thani is preparing to make a second bid to buy Manchester United, ahead of Wednesday evening, the deadline to apply for the English club.

Sheikh Jassim representatives travelled to Old Trafford and the team's training ground on Thursday for talks and further information to help in their bid to acquire Manchester United.

According to the British news agency (PA Media), Sheikh Jassim will make another offer to buy Manchester United on Wednesday.

Thursday's talks, which lasted 10 hours, were described as positive and constructive by sources close to Sheikh Jassim, with his group remaining confident that their buying scheme is best for the club, fans and the entire city of Manchester.

According to Sky Sports, he will submit more than 5 files to buy Manchester United by tomorrow's deadline, and the number may reach 8.

United are the fourth richest football team in the world according to an analysis by Deloitte. The club is seen as one of the most valuable assets of all sports.

The team, coached by Erik ten Hag, are third in the Premier League with 50 points from 26 games.

The sale of Manchester United is likely to surpass the biggest sporting deal to date of the $5.2 billion - including debt and investments - paid by investors to buy Chelsea, where Manchester United generate more revenue and have a larger fan base than their London rivals.