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Sheikh Jassim ends Man Utd takeover bid

By: News Disk

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# Sheikh Jassim Withdraws From Race to Buy Manchester United

Sheikh Jassim has withdrawn from the race to buy Manchester United from the Glazers. The Qatari billionaire had been competing with Sir Jim Ratcliffe to buy United after the Glazers put the club up for sale last November. However, it’s understood that the Glazers took United off the market last month after realising that neither interested party would meet their £10 billion valuation.

Both Sheikh Jassim and Ratcliffe had retained their interest, despite the Glazers’ stance, but the Qatari billionaire has now pulled out of the running. Transfer expert Fabrizio Romano said on his YouTube channel on Saturday: “Sheikh Jassim has had further discussions with Glazers family to buy 100 per cent of Manchester United. Sheikh Jassim’s bid proposition has been rejected again by Glazers family. As a result – Sheikh Jassim informed Glazers that he’s ready to withdraw from the process.”

## Sheikh Jassim’s Offer Rejected

Sheikh Jassim had presented a fully cash bid, clearing all old debt, with zero new debt, for 100% of the club. However, this offer was rejected by the Glazers. Sheikh Jassim’s team declined to comment on this news citing ‘confidentiality restrictions’, but have confirmed they’ve withdrawn from the process.

## Glazers Take Manchester United Off The Market

The Glazers have taken Manchester United off the market after realising that neither interested party would meet their £10 billion valuation. This is despite both Sheikh Jassim and Ratcliffe retaining their interest in the club. It is unclear if the Glazers will put Manchester United back on the market or if they will continue to hold out for their asking price.

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Manchester United fans have been calling for the Glazers to sell the club for years, and while it looks like they won’t be successful in their bid to buy the club, they will be hoping that a new owner can bring success back to Old Trafford.

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