Sheikh Jassim has withdrawn from Manchester United takeover after failed final bid
After a lengthy bidding process, it has been revealed that Sheikh Jassim and his Qatari consortium have pulled out of the race for Manchester United.
The club was put up for sale in November 2022, which sparked a huge amount of excitement from the fanbase and drew the interest of several parties from around the world.
The two main parties that emerged were billionaire Sir Jim Ratcliffe and a Qatari businessman by the name of Sheikh Jassim bin Hamad Al Thani.
The two men went head to head in a bidding war for the club but the Glazers refused to dip below their asking price.
After several rounds of failed bids, Sheikh Jassim has decided to withdraw from the race after almost a year of trying.
According to Fabrizio Romano, the Qatari offered almost double the $3.5B market valuation of the club but was again rejected by the Glazer family.
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