"Manchester United Stock Soars Amidst Takeover Speculation"

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Source: Barron's
"Manchester United Stock Soars Amidst Takeover Speculation"
Photo: Barron's
TL;DR

Manchester United's stock (MANU) surged 13.8% on Tuesday amid fresh speculation that the Glazer family, the American owners of the soccer club, were moving forward with a sale. Qatari banker Sheikh Jassim Bin Hamad Al Thani reportedly won a bid for control of the club, but Manchester United declined to comment on the possible sale. The Glazers first announced their interest in selling the club in November 2022, and shares have surged nearly 76% since then. Jassim submitted his fifth and final bid of roughly $6.3 billion for complete ownership of the club earlier this month, while the Glazers have an asking price of $6 billion.

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