Sheikh Jassim withdraws from Manchester United takeover process

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Sheikh Jassim withdraws from Manchester United takeover process
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Fans have protested against the Glazer family’s continued ownership of the club.

Sheikh Jassim has withdrawn from the process to buy Manchester United, the PA news agency understands.

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.

Earlier this month it was reported that rival bidder Ratcliffe was considering changing his offer and buying a minority stake in United. It was reported he may seek a stake in the region of 25 per cent as part of a proposal to try to bring the drawn-out sale process to an end, having initially wanted to complete a majority takeover.

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