Tuesday , March 21 2023

Manchester United share price rockets with Qatar group poised to bid for the club

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MANCHESTER UNITED’s share price rocketed amid news that a Qatar group is poised to bid for the club.

The Glazers revealed in November that they were willing to listen to offers for either a stake in the Premier League giants or an outright purchase.

A number of parties have expressed an interest in buying United, which could be purchased for a world-record price for a sports franchise at close to, or above, £6billion.

Interest comes from the Far East, Middle East and United States with Raines Group, the merchant bank, tasked with the sale.

British billionaire Sir Jim Ratcliffe, who happens to be a Man Utd fan, is also keen.

But according to the Daily Mail, a Qatar-based investment group will make a “huge bid” for United.

About Charles Igbinidu

Charles Igbinidu is a Public Relations practitioner in Lagos, Nigeria

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