Manchester United Shares and the Billion-Dollar Deal

Manchester United's shares rose by 9.8% following a Reuters report about the club negotiating with Qatari Sheikh Jassim bin Hamad Al Thani for a deal exceeding $6 billion to purchase the club. The source indicated that the club is looking to grant a group led by the Qatari Sheikh exclusive negotiation rights to acquire the Premier League club for over $6 billion. Another source revealed that members of the Glazer family, who own minority stakes in the club but control it due to the dual-class share structure, will sell their stake as part of the proposed deal. During the agreed exclusivity period, Manchester United will not be able to negotiate with any party other than Sheikh Jassim. The duration of the exclusivity period has not been clarified. Sources noted that the situation is still unresolved and a new offer from Ratcliffe could prevent exclusivity in negotiations with Sheikh Jassim. Former Manchester United star Rio Ferdinand has stated that an announcement regarding the sale of the club is imminent, emphasizing that the closest and most favored party for the acquisition is Sheikh Jassim bin Hamad Al Thani, the Chairman of Qatar Islamic Bank, according to confirmed sources from the club. Ferdinand pointed out that the current club owners were aiming to obtain £6 billion to relinquish the club, which may align with the recent offer from Al Thani, making a transfer of ownership imminent and expected to be announced soon, possibly within the next few days or even hours.