Sheikh Jassim did not respond to requests for proof of financeJim Ratcliffe gave United Christmas Day deadline to accept offer
The Qatari bidder for Manchester United, Sheikh Jassim, dropped out of the race to buy the club after failing to prove he had sufficient finance to be able to do a deal.
In filings submitted 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.