Qatari politician Jassim, 64, was one of two candidates in the frame to buy the club from the Glazer family along with British billionaire Sir Jim Ratcliffe – who is offering to assume a 25 per cent stake in the club.

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But now Fabrizio Romano is claiming Jassim – who was proposing a complete takeover – is ready to pull out of the process as it continues to drag on.

The transfer expert tweeted: “Sheikh Jassim has had further discussions with Glazers family to buy 100% of Manchester United.

“Sheikh Jassim’s bid proposition has been rejected again by Glazers family.

“As a result — Sheikh Jassim informed Glazers that he’s ready to withdraw from the process.”

He then went on to add: “Sheikh Jassim has presented fully cash bid, clearing all old debt, with zero new debt, for 100% of the Club.

Sheikh Jassim’s team decline to comment on this news citing ‘confidentiality restrictions’, but have confirmed they’ve withdrawn from the process.”

It was previously reported that Jassim was standing firm on his £5bn valuation.

The Glazers are said to value the club at £6bn.

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