Sheikh Jassim has withdrawn from the bidding to buy Manchester United.
Sheikh Jassim and British entrepreneur Sir Jim Ratcliffe have been in competition to buy the Old Trafford giants from the Glazer family, who have been unpopular with the Red Devils' faithful since taking control in 2005. The Qatari sheikh became the first bidder to publicly confirm he had made an offer for Manchester United, followed by Sir Jim.The takeover process has rumbled on for months, with Sheikh Jassim withdrawing from the process this week.
Read more: Manchester United winger Antony taking 'period of absence' from club after assault allegationsRead more: Manchester United star Marcus Rashford involved in 'serious car crash' with Gran who did not know who he was The bid is understood to have eventually reached around double the current 3.2billion dollars market valuation of the Premier League club.An additional 1.7bn dollars is believed to have been pledged for infrastructure projects.
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Sheikh Jassim withdraws from Manchester United takeover raceWe'll bring you the very latest updates, pictures and video on this breaking news story
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Sheikh Jassim withdraws from Manchester United takeover processFans have protested against the Glazer family’s continued ownership of the club.
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Sheikh Jassim withdraws from Manchester United takeover processFans have protested against the Glazer family’s continued ownership of the club.
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