Sheikh Jassim bin Al Thani has pulled out of the race to buy Manchester United, according to talkSPORT.
Sources close to Sheikh Jassim have confirmed he has withdrawn his world record bid for the Old Trafford giants after failing to reach an agreement with the Glazer family.
It clears the way for British billionaire and childhood United fan Sir Jim Ratcliffe to pursue his bid to buy a minority stake in the club.
Ratcliffe is reportedly prepared to offer to buy 25 percent of Glazer’s shares with a view to eventually becoming United’s majority shareholder.
However, Joel and Avram Glazer have always been reluctant to make an outright sale.
talkSPORT reported that David Beckham had been selected as a potential ambassador if Jassim’s candidacy was successful, which he downplayed to US broadcaster CNBC.
When he raised the possibility of becoming ambassador as part of the Qatari deal, he said: “At the moment there has been no discussion.
“I have a long-standing relationship with Qatar due to my involvement with Paris Saint-Germain when I played there and won the championship.
“So obviously there is going to be a link and people are talking about my involvement at Manchester because you put the two together, myself, United, plus PSG and there is a link.
“So people are obviously going to talk about it but there hasn’t been any discussion yet.”
Others will follow. For the latest on this and other breaking news, listen to talkSPORT