Man Utd bidder pulls out of takeover race as he labels process ‘a farce’ and blasts Glazers for lack of respect

MANCHESTER UNITED bidder Thomas Zilliacus has pulled out of the club's "farcical" takeover saga.

The Glazers sanctioned a third round of bidding after failing to accept any offer so far for United.

But Zilliacus has refused to go any further and took to social media to lash out at the unpopular owners' handling of the procedure.

The Finnish businessman described the process as a "farce" and claimed the Glazers have shown no respect for the club.

The Chairman as well as Founder of novaM Group,Mobile FutureWorks and XXI Century Capital also issued a serious warning.

He claims the American family's delays will make it "very difficult" for the next owner to build a strong team for next season.

Zilliacus : "I have declined participation in a third bidding round for United.

"The bidding is turning into a farce, with Glazers giving no respect to the club.

"The delays will make it very difficult for any new owner to build a winning team for next season."

Zilliacus previously vowed to finance £3billion of the asking price if fans can cough up a staggering £1.5bn.

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The remaining interested parties have been informed they have until the end of the month to submit revised offers.

The Glazers are holding out for a whopping £6bn as they look to sell up.

But so far the highest offers, from Sir Jim Ratcliffe and Sheikh Jassim Bin Al Thani, have only reached £5bn.

That is after last month's chaotic scenes that saw the deadline for bids being extended by 48 hours.

This led to Ratcliffe and Sheikh Jassim withdrawing their offers before submitting them again.