Qatar's Sheikh Jassim bin Hamad al-Thani made an improved final offer for Manchester United in an attempt to see off his main rival, British petrochemicals billionaire Sir Jim Ratcliffe, The Times reported on Tuesday.
Manchester United's shares were up 1.2%.
The club declined to comment and investment bank Raine Group, which is running the bidding process, did not immediately respond to a request for comment. Sheikh Jassim's offer falls short of the £6bn asking price set by owners the Glazer family, The Guardian reported in April. Manchester United's American owners late last year launched a formal sale process and have received several bids, including from Ratcliffe, founder of chemicals producer Ineos, and Finnish businessman Thomas Zilliacus.
According to a report in April by The Times, Ratcliffe's Ineos initially outbid Sheikh Jassim in the battle to buy Manchester United.
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