Sheikh Jassim has withdrawn from the Manchester United takeover after his final bid was rejected by the Glazers.
The Glazer family put the club up for sale in November of last year and after almost a year, they are still the owners.
There were many parties interested in purchasing Manchester United with both Sir Jim Ratcliffe and Qatari businessman Sheikh Jassim bin Hamad Al Thani emerging as the frontrunners.
After months of failed bids from both sides, Sheikh Jassim has announced that he will be withdrawing from the race according to journalist Fabrizio Romano.
🚨 EXCLUSIVE: Sheikh Jassim has presented fully cash bid, clearing all old debt, with zero new debt, for 100% of the Club.
Sheikh Jassim’s team decline to comment on this news citing “confidentiality restrictions”, but have confirmed they’ve withdrawn from the process. pic.twitter.com/UBUVDyDVAt
— Fabrizio Romano (@FabrizioRomano) October 14, 2023
BREAKING 🚨: Sky News understands Qatari businessman Sheikh Jassim bin Hamad al Thani has withdrawn from the process to buy Manchester United 🔴 pic.twitter.com/np9ILZ3Qr4
— Sky Sports News (@SkySportsNews) October 14, 2023