Sheikh Jassim and Qataris make call over renewing Man Utd interest as share price tumbles

The Qatari consortium led by Sheikh Jassim bin Hamad al-Thani, who were unsuccessful in their attempt to purchase , reportedly have no plans to make a new offer despite the club's plummeting share price. They lost out to when the Glazers opened the door to external investment. However, the billionaire has been unable to turn around the club's fortunes, which have hit rock bottom.

United , with many decisions made by the new co-ownership proving deeply unpopular and unsuccessful, leading to a significant drop in their stock. Despite this, there is no desire from the Qatari group to come back with a revised bid to acquire the Manchester club, according to the .

INEOS have implemented drastic cost-cutting measures and major redundancies, and the club will be without European football next season.

United's share price has dropped by over 17 per cent year on year, leading to speculation that the Qataris might consider a fresh bid to secure United at a reduced price, given the club's current state. However, this is not believed to be under consideration.

The team's defeat to in the final marked a new low point and eliminated their last chance to qualify for the . Next year will be only the second time in 30 years that they will be without any European football.

Interest in football from the Middle East has surged in recent decades. Manchester City are owned by Abu Dhabi, while Saudi Arabia invested in Newcastle.

Qatar has a significant stake in European football with Paris Saint-Germain, but no presence in England.

Ratcliffe and his INEOS team have no intention of backing out despite the club's regression since they acquired their share. They've taken over football operations, but the team has experienced some of its darkest moments in decades.

Fans voiced their discontent at the season's final match against Aston Villa, as the Glazers once again faced criticism.

The Qatari banker had offered £5billion for the club, but negotiations ultimately fell through. Sheikh Jassim's camp consistently stated that he was only interested in purchasing the club outright and had pledged to settle their massive debts.