Sheikh Jassim has WITHDRAWN from the Manchester United bidding process

In a breaking story, Sheikh Jassim of Qatar has withdrawn from the Manchester United bidding process.

In a breaking piece of news from Fabrizio Romano, it has been claimed that Sheikh Jassim has withdrawn himself from the Manchester United bidding process.

It is said that, after further talks with the Glazer family, they have rejected his bid to buy 100% of Erik ten Hag‘s club.

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“Sheikh Jassim has had further discussions with Glazers family to buy 100% of Manchester United,” Romano explained.

“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 has presented fully cash bid, clearing all old debt, with zero new debt, for 100% of the Club. Sheikh Jassim’s team decline to comment on this news citing “confidentiality restrictions”, but have confirmed they’ve withdrawn from the process.”

It has been further claimed that the final bid was double the club’s market valuation of £2.9 billion, and the Qatari businessman had a further £1.25 billion available for investment in the club – this will no longer take place as he has withdrawn from the process.