Pre-market trading saw Manchester United's stock price fall by as much as 22 per cent on Monday morning.
Following news that Sheikh Jassim and the Qatari bid was being withdrawn and that Sir Jim Ratcliffe is now closing in on securing a 25 per cent minority stake in the club - leaving the Glazers in position - United's shares took a significant slump.
The bidding process, which has been going on for almost 12 months, came down to two offers: one from Qatar, led by Sheikh Jassim Bin Hamad J.J. Al Thani, and one from Ratcliffe, which would go on to be revised to be a minority stake.