Sheikh Jassim is "bemused" by claims Sir Jim Ratcliffe has made a superior offer for Manchester United.

Both billionaires made their third bids for the club as Friday night's deadline fell.

The Sheikh is said to have offered €5bn for full control of United, along with a financial pledge to redevelop Old Trafford and the Carrington training centre.

Ratcliffe, meanwhile, is seeking a controlling stake which would see the Glazer brothers Avram and Joel maintain a combined 20 per cent share. Ratcliffe's offer is said to value United at a higher price than Jassim.

But the Telegraph says the Qatari believes his offer is worth more than Ratcliffe's.

Sources close to the Sheikh says he has been left 'bemused' by suggestions that they have been outbid. Unlike their rivals, the Qatari offer would leave the club debt-free – a fact they believe makes them the best prospective owners.