Man United sale: Qatari banker Sheikh Jassim is withdrawing his bid - AP sources

MANCHESTER, England (AP) — Qatar's Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy Manchester United, a person with knowledge of the process told The Associated Press on Saturday.

The person spoke on the condition of anonymity because of confidentiality restrictions.

Sheikh Jassim had been one of the leading contenders to complete a takeover of the storied soccer club, which was put up for sale last year.

Along with British billionaire Jim Ratcliffe, the Qatari banker was one of only two bidders to publicly declare their intention to buy out United owners, the Glazer family.