Sheikh Jassim confirms stance on renewed Man Utd takeover after failed £4.5bn bid

The Qatari group led by , who failed with their bid to buy , will not return with a fresh bid despite the club's share price nosediving.

They were beaten in a two-horse race as Sir Jim Ratcliffe bought into the club when the Glazers made it clear they were open to outside investment. The Ineos billionaire has been unable to improve the club's fortunes and they've reached new lows.

United will finish in the bottom half of the for the first time with a number of the decisions taken by the new co-ownership proving hugely unpopular and unsuccessful, which has seen their stock fall massively.

Despite that there is no appetite from the Qatari group to return with a renewed offer to buy the Manchester club, reports the . Ineos have overseen mass cost-cutting measures and major redundancies and they'll be without European football next season.

United's share price has fallen by more than 17 percent year on year and it has been suggested that the Qataris, given the state of the club, may have considered a fresh bid to land United in a cut-price deal. However that is not thought to be under consideration.

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Defeat in the final to on Wednesday saw the team hit a new low and meant they missed out on their final chance to qualify for the . Next year will be just the second time in 30 years that they have no European football whatsoever.

Middle Eastern interest in football has skyrocketed in recent decades. are Abu Dhabi-owned with Saudi Arabia buying into several years ago. has a major presence in European football with , but nothing in England.

Ratcliffe and his Ineos team also have no interest in walking away despite taking the club backwards since they bought their share of the club. They've assumed control of football operations but the team has fallen to some of its darkest moments for decades. Fans protested at the final game of the season against as the Glazers again came in for criticism.

The Qatari banker had bid £5billion for the club but talks ended up collapsing. Sheikh Jassim's camp always maintained he was only interested in buying the club outright and had vowed to clear their huge debts.

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