Sir Jim Ratcliffe is close to agreeing a deal to buy 25 per cent of Man Utd as Sheikh Jassim withdraws from bidding process.
Sir Jim Ratcliffe is close to agreeing a deal to buy 25 per cent of Manchester United after Qatari businessman Sheikh Jassim bin Hamad al Thani withdrew from the bidding process. Sheikh Jassim's offer, which valued United at more than £5bn, was believed to be the only bid for 100 per cent of the club. But it is understood that the Qatari's valuation was not sufficient for the Glazers, who have owned United since 2005 - so Shiekh Jassim has withdrawn from the process.
'The Glazers have indicated that they would rather do a deal with Sir Jim Ratcliffe, who is offering to buy an initial 25 per cent stake in Manchester United, so Sheikh Jassim has withdrawn from the sale process for Manchester United. 'Now, reading between the lines, my information is, as far as the football side of Manchester United is concerned, they will be disappointed.
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