Manchester United’s takeover race remains hot news, but the latest reports from Qatar that Sheikh Jassim’s bid has been successful have led to a clear rise in the club’s price on the stoke exchange.
Reports from Qatari media outlets sparked celebrations on social media, and it comes after Jassim’s fifth bid for the Red Devils last year. However, Simon Stone has reported on the BBC that these reports have been played down by those close to the process.
Sheikh Jassim believes Man United bid is successful
Reports in the Qatari media on Monday appeared to tease that an official announcement was close to being formalized. In The Mirror, it states that the outlet Al-Watan, owned by Jassim’s father, claimed that the deal was done, and the announcement would come ‘soon’.
The long-running takeover saga would see the Glazers’ 17-year stay at Old Trafford come to an end. However, Sir Jim Ratcliffe’s INEOS group has also shown an interest, but is only looking to take a 50% stake compared to the 100% that Jassim is bidding for.
The recent reports have seen United’s share price rise by 17%, but that has dripped slightly following reports by insiders that have questioned the accuracy of the recent stories.