Move may clear the way for British billionaire Jim Ratcliffe to buy legendary English soccer club
MANCHESTER, England — Qatar’s Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy storied soccer club Manchester United MANU, +1.22%, a person with knowledge of the process told The Associated Press on Saturday.
But almost a year since bids were invited for the 20-time English league champions, Sheikh Jassim has informed the Glazers he is withdrawing his offer, the person said. Sheikh Jassim’s decision comes as United fans have grown increasingly frustrated with the time taken to complete the proposed sale. He also vowed to clear its debt, while investing in the stadium, training center and playing squads in a bid to “return the club to its former glories both on and off the pitch.”
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