Manchester United takeover latest as Thomas Zilliacus reveals Liverpool FC bid stance

The battle to takeover Manchester United rumbles on this week following the drama of the last few days.

Initially, only two parties had made themselves publicly interested in buying United, INEOS' Sir Jim Ratcliffe and Sheikh Jassim. After Wednesday's deadline for bids to be submitted passed, it was widely understood that both men had been handed extensions and that the latter had submitted a new bid.

On Thursday, Finnish businessman Thomas Zilliacus launched a unique bid which would see 50 per cent of the club owned by him and the other 50 per cent owned by the fans. While many supporters were unsure about whether he would be able to achieve a deal, Zilliacus has remained adamant that he is serious about buying the Reds.

ALSO READ: Glazers should expect unprecedented anger if they reject bids

The 69-year-old took to Twitter this weekend to explain his proposal further and quash speculation that he could be interested in Liverpool as well.

Finnish entrepreneur Thomas Zilliacus has ruled out an approach to bid for Liverpool after making an offer to buy Manchester United earlier this week.

Zilliacus, who is chairman of the social media group novaM Group, has submitted an offer through XXI Century Capital, an investment firm owned by his holding company.

The Finn's unique bid comes via his fan involvement, which would allow them to buy a stake in the club and have an equal say via an app.

Read more from Zilliacus here.

Manchester United bidder Thomas Zilliacus believes the Glazers’ disconnect with fans is a major reason for their unpopularity.

Zilliacus formally submitted his proposals on Friday after the Raine Group - the US bank conducting the takeover process - extended its Wednesday soft deadline for second bids.

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