The Nation Newspaper Jassim withdraws offer to buy Man United over Glazers' high price
The Qatari businessman, who made five offers for the club in an attempt to complete a takeover, has quit the process after final discussions with the current owners, the Glazer family.
Sheikh Jassim believes the Glazers’ demands are outlandish and hugely inflated after submitting a final bid that was almost double the club’s current market value of $3.2bn. He had also pledged to invest a further $1.7bn to finance a new or redeveloped stadium and training facilities, along with investment in players and the community as well as clearing the club’s current debt.
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