Share prices have dropped markedly after Sheikh Jassim withdrew his offer to purchase the club.
Share prices for Manchester United FC on the New York Stock Exchange have plummeted in pre-market trading after Sheikh Jassim withdrew from the race to purchase the Premier League giants.
Qatari banker Sheikh Jassim is no longer in contention to become the new owner - after what was a whirlwind 24 hours or so - leaving the door ajar for Sir Jim to press forward with his plans to invest and step into the boardroom. But there is still some further red tape for him to get through.ALSO READ: What takeover decision means for United budget
Sheikh Jassim had proposed a 100 per cent takeover before retracting his interest. It is understood he had bid over £5billion for the club with the Glazer family thought to be holding out for closer to £6billion. Bloomberg indicate shares have dropped by 22 per cent in pre-market trading. They were valued at $19.74 towards the closing bell on Friday afternoon.
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