Manchester United's Proposed Takeover Bid Suffers Huge Setback

The reports from Manchester confirmed that some government officials working in football governance have reportedly raised eyebrows over one of the bidders, Sheikh Jassim bin Hamad al-Thani. The Qatari-based business owner is one of the leading contenders to take over the Red Devils facing competition from the Ineos group led by Sir Jim Ratcliffe.

The reports from Bloomberg confirmed that Government officials raised concerns over Sheikh Jassim due to previous regulatory failings at the UK subsidiary of the Qatar Islamic Bank. He has been the chairman of the bank since 2006.