Manchester United have reportedly rejected Sheikh Jassim's attempts to buy the club as takeover talks continue. The Red Devils' current owners, the Glazer family, announced one year ago that they were seeking 'a thorough evaluation of strategic alternatives' when it comes to financing the club.
In all but name it was a statement welcoming offers to buy or invest in one of the biggest clubs in the world but has not gone smoothly so far. 12 months on and there is still no clear route towards a change of hands for the club despite numerous claims of a preferred bidder being chosen throughout.
Coming to the fore in these talks has been Qatari banker Jassim and INEOS owner Jim Ratcliffe. However, that appears to have changed with Fabrizio Romano reporting that Jassim's team have confirmed that they have been withdrawn from the process.
He writes on Twitter: «Sheikh Jassim has presented a full cash bid, clearing all old debt, with zero new debt, for 100% of the Club.» He added on Youtube: «At the moment the takeover with the Qatari group is more than complicated, we always have to wait for the official steps but that is the feeling.
»What happened is in the recent days Sheikh Jassim and his team, his group, had new conversations, new discussions, new negotiations with the Glazer's family advisors to discuss Manchester United and Sheikh Jassim presented a kind of new structure and proposal to buy Manchester United.
«The answer from the Glazers in recent days from this discussion was very clear, they said again no to the proposal of Sheikh Jassim.»
How Chelsea can line-up vs Arsenal with major injury boost for Christopher Nkunku and Reece James
Mauricio Pochettino can unleash 'the new N'Golo Kante' vs Arsenal after Thomas Tuchel
Read on football.london