Prospective Manchester United owner Jim Ratcliffe says he will not pay a "stupid" price for the Premier League giants, with more bidders expected to enter the race to take over at Old Trafford.
The British billionaire is one of two interested parties to have publicly announced their bids to Raine, the merchant bank brought in to assist the club in assessing offers. Qatari banker Sheikh Jassim Bin Hamad Al Thani is the other.
United's unpopular owners, the Glazer family, announced in November they were conducting a strategic review, with the sale of the club one option being considered.
The Americans' asking price is believed to be $6 billion.
Ratcliffe held talks with the club on Friday during a visit to Old Trafford and the Carrington training complex, a day after Sheikh Jassim's representatives visited United.
But in an interview with the Wall Street Journal, the 70-year-old Ratcliffe said he would not pay over the odds for the 20-time English champions.
"How do you decide the price of a painting?" he said. "How do you decide the price of a house? It's not related to how much it cost to build or how much it cost to paint.
"What you don't want to do is pay stupid prices for things because then you regret it subsequently."