- US SEC filings said Sheikh Jassim did not respond to requests
- Jim Ratcliffe gave United Christmas Day deadline to accept offer
The Qatari bidder for Manchester United, Sheikh Jassim bin Hamad al-Thani, dropped out of the race to buy the club after failing to prove he had sufficient finance for the deal, according to a document submitted to American authorities.
In filings made to the US Securities and Exchange Commission to confirm Sir Jim Ratcliffe’s acquisition of 27.69% of the club, Jassim (referred to as “Bidder A”) is described as having failed to respond to requests to show where his money was coming from. It was also revealed that Ratcliffe issued a Christmas Day deadline for acceptance of his final offer, threatening to walk away if there was no progress.
Written by Paul MacInnes
This news first appeared on https://www.theguardian.com/football/2024/jan/17/manchester-uniteds-qatari-bidder-failed-to-provide-financial-guarantees under the title “Manchester United say Qatari bidder failed to provide financial guarantees”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
