Manchester United's Share Price Soars Amid Sheikh Jassim's Takeover Rumours

Manchester United (MANU) stock price skyrockets amid rumors of Sheikh Jassim bin Hamad al-Thani becoming the club's new owner.

According to Yahoo Finance data, MANU's stock price surged nearly 14% to US$22.9 per share at the close of trading on Tuesday (June 13, 2023). This price reached the highest point this month.

Man United's stock price had previously slumped amid uncertainty surrounding the Glazer family's sale of the club. It fell to US$18.12 per share on May 12, 2023, following the uncertainty over the club's sale.

Previously, MU's stock price reached its highest point this year at US$26.84 per share on February 16, 2023.

Before the Glazer family announced their intention to sell MU in November 2022, the stock price of the Old Trafford-based football club was only US$12 per share.

According to the Qatari newspaper *Al-Watan*, as cited by *Reuters* (June 13, 2023), Sheikh Jassim, son of Qatar's former prime minister, is poised to take over Man United.

*Daily Mail* reported last week that Sheikh Jassim had made a fifth and final bid for the acquisition of Man United, valued at over £5 billion (approximately Rp93.91 trillion, using an exchange rate of Rp18,783 per pound sterling). This bid followed reports that British billionaire Jim Ratcliffe had outbid Sheikh Jassim in April 2023.

However, no agreement has been reached yet, ahead of the deadline for Sheikh Jassim's offer, which expires this Friday.