The Glazer family are set to make an immense profit once they sell Manchester United.

The club was put up for sale in November of last year, wanting a £6 billion bid for the full sale of the club.

A deadline for bids was set for Friday 17th February 2023 at 10 pm, which came and went last night – and there are two frontrunners for the ownership of the Red Devils.

Qatari Sheikh Jassim Bin Hamad Al Thani has lodged a bid, and INEOS CEO Sir Jim Ratcliffe, who claims to be a boyhood United fan has launched a bid of his own.

Sir Jim Ratcliffe during a press conference. (Image Credit: Alamy)The Qatari bid is worth £5 billion, a lot more than the Glazers paid for the Red Devils in 2005.

Following their purchase of Manchester United in a leveraged buy-out, the Glazer family reportedly only put in £150million of their own money in 17 years at the helm according to Sky Sports, all while taking out dividends every season.

They now stand to make at least between £4 billion-£5 billion.

With the hope of a £6 billion bid for full reins at the club, it would see the current owners receive a sum worth about 40 times the amount that they have spent on the club.

The money they receive will also be tax free, due to them moving the official club HQ from Old Trafford to the Cayman Islands.

Prior to his bid, Sir Jim Ratcliffe revealed his initial aim if named the successful bidder.

Following Wall Street backing, a source close to the INEOS chief told the Telegraph: “His aim is to be a long-term custodian of Manchester United and set the standard for a progressive approach to club ownership.

“As locally born, he wants to put the Manchester back into Manchester United.”

Qatari Sheikh Jassim, meanwhile, is also said to be a Manchester United fan with a picture of him in this season’s kit at Old Trafford recently surfacing.

He has vowed to make the club debt free, while restoring them to “former glories”.

The Raine Group, the bank overseeing the sale, will determine the next step, following last night’s soft deadline.

This will involve making a shortlist of bidders, similar to the process that went on at Chelsea last year before Todd Boehly took ownership of the Blues.