Qatari businessman Sheikh Jassim bin Hamad al Thani has withdrawn from the process to buy Manchester United.
His offer, which valued United at more than £5bn, was believed to be the only bid for 100 per cent of the club - that the Glazers announced last November could be sold. Sheikh Jassim and Ineos billionaire Sir Jim Ratcliffe were the leading candidates to take over the football club from the American Glazer family.
Sheikh Jassim is understood to have raised his offer since then but it was not satisfactory for the Glazers despite being far more than the club's $3.3bn valuation on the New York Stock Exchange. The difference between the parties is over the valuation - which still leaves open the possibility of Sheikh Jassim being enticed back into the protracted process - as protests against the Glazers continue.
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