Sheikh Jassim is understood to have made an offer of around £5bn for Manchester United.
Fans have protested against the Glazer family since their controversial leveraged takeover in 2005 and last November’s announcement of a strategic review brought hope of change.
The possibility of a full sale was mentioned and Sheikh Jassim became the first bidder to publicly confirm he had made an offer for the Old Trafford giants. Sir Jim Ratcliffe swiftly followed but the interminable potential takeover process has rumbled on as the demanding Glazer family dragged their heels.
It is now understood that, following further discussions, a frustrated Sheikh Jassim has withdrawn from the process to buy the Premier League club.Sheikh Jassim and Sir Jim Ratcliffe.Sheikh Jassim’s team announced in February that he had submitted a bid to buy 100 per cent of the club, promising a completely debt-free takeover via his Nine Two Foundation. The bid is understood to have eventually reached around double the current 3.2 billion dollars market valuation of the Premier League club.
If the Glazers accepted this new reported offer, it would see the American family still retain majority control of the club.
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