Directors at Manchester United are expected to begin looking at revised proposals for an estimated £800m sterling takeover of the club, according to reports in the UK.
US sports tycoon Malcolm Glazer's new plan includes a commitment to provide a £20m transfer fund for new players. He also backs the club's plans to expand its Old Trafford stadium.
The Manchester United board is expected to spend at least a week looking at the proposals before deciding whether to recommend them to shareholders.
Mr Glazer and his family currently hold a 28.1% stake in the club. He has proposed to pay £3 per share, which, at the close of trading yesterday, were trading at £2.75 apiece.
The club's largest shareholders are Irish horseracing tycoons John Magnier and JP McManus, who together hold 28.9% of the club.
They have maintained that they do not intend launching a takeover attempt of their own and have been thought likely to be tempted by a cash offer for their shares at about £3 each if it comes with no strings attached. Manchester United CEO David Gill has previously said £3 a share is a fair price for the business.
However, reports say the club's response to Mr Glazer's offer will depend on details relating to the financing of the bid, such as how much debt the club might be left with afterwards.
