Overnight speculation has been rife over the sale of Manchester United, following a spike in the club’s share price late last night.
It comes just a few days after Sheikh Jassim bin Hamad Al Thani submitted his final bid for the club, reportedly valued at around £6bn.
Further elevating speculation in a tweet, Qatari news outlet Al-Watan, which is owned by the father of Al Thani, has reported that the country’s ex-PM has apparently managed to beat Sir Jim Ratcliffe in the race to buy United.
Yesterday, Al-Watan posted a tweet speculating that Al Thani’s offer has been successful, and that a Qatari takeover of Manchester United is ‘imminent’.
Speculations around the bidding price place the offer’s value around £5b, with the Guardian reporting that a £1b debt clearing and a separate community-driven fund are also included in the deal.
The club was originally valued at £6b when the Glazers put it out for sale towards the end of last year.
The BBC’s economy Editor Faisal Islam underlined that he still believes we are in the ‘endgame’ in terms of the sale of the club, however, revealed that right now sources at the club are remaining tight-lipped about any potential sale.
Nonetheless, the stock price of the club has continued to rise into the morning, as traders seemingly lean towards the notion that the sale of the club to Qatar is edging closer.
