Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday.
United announced nearly a year ago that the board was exploring “strategic alternatives to enhance the club’s growth”, with a full sale one of the options.
Sheikh Jassim and British billionaire Jim Ratcliffe were the front runners after several rounds of bidding earlier this year, but the process has stalled in recent months despite the anger of supporters towards current owners, the Glazer family. The Americans have owned the English giants since a leveraged takeover in 2005 for £790 million saddled the club with huge debts.However, the Glazers are believed to be holding out for a world record fee for a football club in excess of £6 billion.By contrast, Ratcliffe is reportedly willing to buy a smaller stake to break the impasse ownership of the 20-time English champions.
They currently sit 10th in the Premier League and have lost their first two Champions League group stage matches for the first time in the club’s history.Euro 2024 Qualifiers: Spain keeper Simon wants Haaland tamedPDP reconciliation, chairmanship: Why Saraki, Wike met in Abuja