Sheikh Jassim bin Hamad al Thani viewed the Glazer family’s valuation of Manchester United as ‘fanciful and outlandish’ after withdrawing his offer to buy the club.
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Final discussions between the club and Sheik Jassim where held this week but their final bid, thought to be around £billion, was still someway short of the Glazer’s demands.
The Qatari offer was to acquire 100 per cent of the club with promises to invest in Old Trafford and the club’s training facilities while also backing them in the transfer market and clearing their considerable debt.
The Manchester Evening News report Sheik Jassim ‘desperately’ tried to convince the Glazers to sell the club in one final push.
Their astronomical valuation, which was most recently reported to stand at £10billion, finally ended their interest with Sheik Jassim showing no interest of acquiring a minority stake.
Sir Jim Ratcliffe is now close to wrapping up a deal for a 25 per cent stake in the club.
Ratcliffe’s bid means that the Glazers still keep a stake in United but the bid is expected to be the start of a full takeover.
Speaking earlier this week, David Beckham made it clear that he was keen to see a change in ownership at United.
‘At the moment there’s been no discussion of that, but everybody knows that I’m a Manchester United fan and I’ve been very vocal about the situation at United and that’s been happening for a number of years,’ Beckham told CNBC.
‘I grew up at Manchester United from a very young age and there was a lot of stability – same manager, Sir Alex Ferguson, and same owners.
‘Man United will always be Man United, they will always be one of the biggest clubs in the world.
‘Now we need to get back to that for the fans, the players, the coaching staff and the manager because at the moment there’s not stability. We need to get the talk back on the field, rather than off it.
‘I want to see an ownership group that will take it back to what it should be. I’m not saying the past owners have done a bad job because we’ve still been very successful on the field and off the field, but for me it’s the right time for somebody else to take over.’
MORE : Sir Jim Ratcliffe set to buy Manchester United stake as Sheikh Jassim withdraws from takeover race
MORE : Sheikh Jassim withdraws from race to buy Manchester United
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