Finnish entrepreneur Thomas Zilliacus has withdrawn his bid to buy Manchester United.
Zillacus was one of a small group of bidders aiming to buy the club, but has pulled out after the Glazer family arranged for a third round of bidding for the club.
The 69-year-old took to Twitter to express his frustrations at the decision, branding the move a 'farce'.
'The delays will make it very difficult for any new owner to build a winning team for next season,' he said.
'The bidding is turning into a farce, with Glazers giving no respect to the club.