Qatari billionaire, Sheikh Jassim has announced withdrawal from Manchester United takeover bid.
Sheikh Jassim had told United’s American owners, Glazers that he has withdrawn his offer to buy the club after seeing his latest bid rejected, according to an international football journalist, Fabrizio Romano.
The Glazers had rejected a new offer to buy 100 percent of the club and clear the debt entirely, resulting in the consortium ending their bid.
The Qatari consortium had been one of the frontrunners to purchase the club in a process that has dragged on for almost a year.
British billionaire Sir Jim Ratcliffe and his INEOS group had been the main rivals to take ownership of United.
Ratcliffe, it has been reported, is willing to take on a minority stake initially, which would allow the Glazer family to stay in charge for the time being.
