Manchester United’s share price has undergone a significant spike on the New York Stock Exchange, a potential indicator that the club’s takeover saga is nearing an end. The Glazers will reportedly make their chosen bidder known this week after a seven-month process.
On Monday evening, United’s share price shot up to $23.67, an astonishing rice of over $3 in the space of an hour and its highest value since March.
Reports claim that Sheikh Jassim bin Hamad Al Thani is growing in the belief that he will succeed in his bid to complete a full takeover.
It’s said that figures in Qatar were previously ready to concede defeat to British billionaire Sir Jim Ratcliffe’s INEOS party, who have offered the Glazers a minority stake to remain at the club.
However, Sheikh Jassim’s fifth improved offer forced a breakthrough with the American family and the Raine Group, sparking confidence that they are ‘in the game’.
Intensifying confidence that the Glazers’ departure under new ownership is on the horizon has inspired the meteoric share price shift.
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