Manchester United shares have fallen notably in pre-market trading with a full sale of the club less likely as billionaire Sir Jim Ratclife pursues a minority stake. Qatari businessman Sheikh Jassim bin Hamad al Thani's withdrawal from the bidding process emerged at the weekend after he was unwilling to meet the valuation of owners the Glazers. But it was already known that Sir Jim was offered a new investment structure that could be more amenable to the Glazers.
5bn to acquire a quarter of United's shares based on the Glazers' apparent £6bn valuation of the club. Read more from business:Former Telegraph owners table £1bn bid to retake control'We can certainly afford two wars', US Treasury secretary says Monaco-based billionaire Sir Jim, who owns French club Nice, grew up supporting United but tried to buy Chelsea last year.