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Sheikh Jassim bin Hamad Al-Thani has withdrawn from the Manchester United takeover race. The Qatari had been rivalling INEOS billionaire Sir Jim Ratcliffe for a buy-out but has decided to axe his 100 per cent bid.
Manchester United’s share price has been slowly regaining ground this week.
British billionaire Sir Jim Ratcliffe could be set to purchase a 25% stake in Manchester United after Qatari banker Sheikh Jassim bin Hamad al Thani pulled out of the takeover race.
Sheikh Jassim has withdrawn from the process to buy Manchester United.
:Qatar's Sheikh Jassim bin Hamad al Thani has informed the Glazer family that controls Manchester United Plc that he will not improve on his bid to acquire the iconic soccer club for more than $6 billion, people familiar with the matter said.
Qatari businessman Sheikh Jassim has withdrawn from the process to buy Manchester United, a source has told ESPN.
After months of radio silence there finally seems to be some movement regarding a takeover of Manchester United - albeit supporters have been in this position before.
Sir Jim Ratcliffe has emerged as the frontrunner in the race to acquire Manchester United ahead of Qatar's Sheikh Jassim bin Hamad Al Thani, according to a report.