Manchester United's shares jumped nearly 20 per cent in premarket trading on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be...
Manchester United's shares jumped nearly 20 per cent in premarket trading on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club.
Qatar's Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Reuters could not immediately verify the Qatari media report, nor did Manchester United respond to a Reuters request for comment.
UK's Daily Mail said last week that Sheikh Jassim had made a "fifth and final" offer of more than 5 billion pounds after British billionaire Jim Ratcliffe's INEOS reportedly outbid him in April.The latest "deadline" to finalize Sheikh Jassim's offer ended on Friday, but no official announcements were made.
The current owners, the American Glazer family, are reportedly seeking 6 billion pounds, which would be a world record for any sports club or franchise, but neither bid is that high.
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