Manchester United’s stock reached a two-month high due to takeover speculation.Paul Bakare
Manchester United shares rose 13% to a two-month high on Tuesday after a report suggested that Qatar’s Sheikh Jassim bin Hamad al-Thani’s takeover offer for the English football club was likely to succeed.
According to CNBC, Qatar’s Al-Watan daily stated on Tuesday that Sheikh Jassim, son of the country’s former prime minister, was about to be named as the preferred bidder for the Premier League soccer club.
The Qatari media story could not be confirmed immediately by Reuters. Manchester United declined to comment when contacted by Reuters.
According to the UK’s Daily Mail, Sheikh Jassim made a “fifth and final” offer of more than 5 billion pounds ($6.28 billion) after British billionaire Jim Ratcliffe’s INEOS apparently outbid him.
The biggest transfer of the century has been a long journey of frustration for the Manchester United fan base, news outlets and other football enthusiast. Social media rumor has it that negotiations are almost done and an announcement could be made any moment from now. The whole football world is waiting