Thomas Zilliacus, a Finnish entrepreneur, has withdrawn his offer to acquire Manchester United, calling the choice of existing owners the Glazers to move to a third round of bidding a “farce.”

The Glazers, according to the 69-year-old, show “no respect” for the club.

Second proposals have been made public by Zilliacus, Qatari banker Sheikh Jassim, and Ineos owner Sir Jim Ratcliffe.

“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 showing no respect to the club,” Zilliacus wrote on Twitter.

“Jim Ratcliffe, Sheik Jassim, and I were all prepared to negotiate a deal to purchase United.” Glazers instead elected to begin a new round.

“I will not take part in a charade designed to maximize profits for the sellers at the expense of Manchester United.”

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Zilliacus, who has previously worked with HJK Helsinki and Jokerit in his hometown, is the founder and chairman of novaM Group, a new social media organization.