UPDATE 1-Qatar’s Skeikh Jassim refuses to improve $6 bln Manchester United bid-sources

Qatar's Sheikh Jassim bin Hamad al Thani has informed the Glazer family that controls Manchester United Plc that he will not improve on his bid to acquire the iconic soccer club for more than $6 billion, people familiar with the matter said. The move leaves the remaining bidder for Manchester United, Ineos chairman Jim Ratcliffe, in a stronger position to cut a deal. Jassim, who had also promised to invest more than $1.7 billion in Manchester United after he acquired it, still wants a deal but has informed the Glazer family that there is no point in remaining in the bidding process following nine months of unsuccessful negotiations, the sources said.