Spike in Manchester United PLC stocks, which means NYSE have reacted to something they've heard about the takeover KossyDerrickBlog KossyDerrickEnt

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Monday, June 12, 2023

Spike in Manchester United PLC stocks, which means NYSE have reacted to something they've heard about the takeover

There's been a spike in Manchester United PLC stocks, which means NYSE have reacted to something they've heard about the takeover.

This is coming after an organisation owned by Sheikh Jassim’s father announced that Qatar have been successful with their bid.

Sheikh Jassim has apparently been successful with his bid to buy Manchester United, according to triumphant reports from Qatari media.

The Qatari banker, whose full name is Sheikh Jassim bin Hamad Al Thani, lodged what his party described as a fifth and final offer last week in an effort to get the deal over the line amid competition from Sir Jim Ratcliffe. That came after reports that the INEOS billionaire was in pole position to get the nod from the Glazer family.

Sheikh Jassim’s offer for the entirety of United has now won the day, according to Qatari outlet Al-Watan – an organisation that his father, the country’s former Prime Minister, Jassim bin Jaber Al Thani, owns. The outlet tweeted on Monday night that an announcement of the deal would come ‘soon’. It would bring some sort of closure to a saga that has rumbled on for months.

The Glazer family, who have owned United since a leveraged buyout in 2005, announced in November that they were beginning a process to “explore strategic alternatives” for the club. After three rounds of bidding, relatively unknown Qatari banker Sheikh Jassim and Ratcliffe – a petrochemicals billionaire who already has deep involvement in sport – emerged as the frontrunners.Sheikh Jassim

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