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Sir Jim Ratcliffe remains part of the takeover process at Manchester United, but has made it clear he will not pay a “stupid price” for the club.

The billionaire INEOS chief executive, who is Britain's richest man, met with officials at Old Trafford on Friday while also being shown around the Red Devils’ Carrington training complex. Rival bidder, Sheikh Jassim bin Hamad Al Thani, is also still in the running and saw his representatives hold positive discussions in Manchester last week.

The next round of offers for the Premier League giants need to be tabled by Wednesday evening, with Ratcliffe further outlining his plans in what is becoming a drawn-out process.