"The Qataris will walk away..." - Sky Sports reporter drops huge Man Utd sale update

The Qatari-based bid for Manchester United is prepared to walk away from a takeover of the club if the price is not right, according to a new report.

Sheikh Jassim, chairman of the Qatar Islamic Bank (QIB), submitted a bid for the club through his Nine Two foundation, and is intent on securing a full takeover of the club from the Glazer family.

Meanwhile, the Glazers are said to have set a £6 billion asking price for the club, and are not prepared to sell United for a lower amount.

This could cause problems for Sheikh Jassim, with Sky Sports News chief reporter Kaveh Solhekol claiming that the high asking price will not mean he will be 'reckless' when it comes to launching a bid for the club.

He is currently competing with Sir Jim Ratcliffe and Ineos, the other publicly confirmed bid for the club, to take over United, with the Daily Mail claiming that four US hedge funds are also in the hunt to provide external cash to the Glazer family to invest in the club.

Qatari-based bid 'prepared to walk away' from United

Sky Sports claim that Sheikh Jassim shares 'the same investment philosophy' as his father, Sheikh Hamad, with the pair described as 'smart, savvy, cautious investors'.

Those representing the bid have been invited to Old Trafford this week for further talks about the prospect of taking over United, with the Ratcliffe/Ineos bid representatives also invited to speak to club chiefs.

The Daily Mail claim that the football department will play a key role in any sale, with the first team operations on a list of areas that will be presented to prospective buyers.

Furthermore, it is said that the meeting between United chiefs, US bank Raine Group and Sheikh Jassim's representatives will take place next week, with the meeting with Ratcliffe's representatives expected to take place in the following week.