Saudi Arabia billionaire Sheikh Jassim is set to pull out of the race for Manchester United purchase after filing his fifth bid News About Nigeria reports.
The race for Manchester United ownership is becoming uninteresting for the parties involved, especially for Qatari royal family member Sheikh Jassim.
Manchester United owners, the Glazers family has remained adamant about the offers coming from the two-horse racers, Sir Jim Ratcliffe and Sheikh Jassim, for the takeover of one of England’s most successful football club.
The Glazers have been criticized on the grounds of burdening the club with outrageous debts and lack of managerial acumen to return United back to its former glory.
Recall that the much talked about family had earlier announced the decision to change the ownership structure of the club in November 2022, after giving in to the pressures from fans and the club’s legends.
However, the story remained the same seven months after, with no concrete decision reached with any of the two key interested buyers, even after several offers and counter offer from the parties.
Meanwhile, in a statement by Sheikh Jassim, the chairman of Qatar Islamic Bank (QIB), one of the biggest banks in the Middle East, he will be pulling out on his bid by the end of the work day on Friday, if there is no concrete response to his proposal by the Glazers.
He had on Wednesday improved his bid for a 100 per cent takeover of Manchester United, urging United to “take it or leave it.”
He also noted that there will be no more bids from the Qatari group to this effect.