Manchester United shares rose as much as 30% in pre-market trading on Tuesday, before paring gains, after media suggested Sheikh Jassim bin Hamad Al Thani was likely to succeed in his bid to take over the club.
Today, Tuesday, the Qatari newspaper, Al-Watan, stated that Sheikh Jassim, the son of the country’s former prime minister, is preparing to receive a decision that he is the best bidder to acquire the English Premier League football club, according to CNBC, which was seen by Al Arabiya.net. “.
Manchester United shares, which are traded exclusively on the New York Stock Exchange, were up about 19% at 6:00 am ET.
These reports come after 7 months of negotiations, as British billionaire Jim Ratcliffe is also in talks to buy the club.
Al-Watan newspaper’s account on social networking sites via Twitter said, “The success of Sheikh Jassim bin Hamad bin Jassim’s acquisition,” will be announced soon.
The editor-in-chief of Al-Watan newspaper, Fahd Al-Emadi, published a similar message.
All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition of Manchester United, and the announcement of the deal will be very soon.
– Fahad Al Emadi (@fahedalemadi) June 12, 2023
He said, “All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition of Manchester United, and the announcement of the deal will be very soon.”
The Glazer family, the American owners of Manchester United, made the sale official late last year, saying in a statement on November 22 that the company’s board would begin to explore “strategic alternatives” for the club.
On June 7, Sheikh Jassim reportedly made a fifth and final improved bid of around $6.3 billion for full control of Manchester United. Meanwhile, Ratcliffe is said to have wanted to buy around 60% of the club.