Manchester United's takeover was rumoured to be concluding at the beginning of this week.
26.06.2023 - 21:33 / manchestereveningnews.co.uk
Manchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again.
The club’s price rose back up to $22.35 on the New York Stock Exchange at the end of trading hours, although it still dropped 1.11% from Friday’s $22.60 closing level. United’s share price has somewhat sunk in the last few days.
After the valuation rose to a three-month high of $24.81 eleven days ago amid reports that Sheikh Jassim was nearing exclusivity talks in the takeover race, the share price has been slowly drifting off again.
There was a small resurgence last Thursday, perhaps due to rumours that Sir Jim Ratcliffe was ‘less confident’ in a buy-out. But Monday’s figures saw a 5% decrease in value across the last seven days.
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That said United’s share price is still up by 96.40% from this time last year, the mass increase sparked by November’s statement that the board was exploring “strategic alternatives”.
The lack of clarity and dulled speculation has caused United’s share price to plateau and fall in recent months with only the reports of Sheikh Jassim’s takeover proximity - which were later rebuffed - causing the trend to buck.
The Glazers have given no official update to fans since November’s sale announcement. Avram Glazer has responded to questions from journalists twice in the months since but ignored a more recent question while at the FA Cup final at Wembley.
Sheikh Jassim and Sir Jim Ratcliffe are the frontrunners in the takeover race but there is little certainty beyond that. There are fears that if a decision is not made soon then the official completion of the changeover may not be finalised until after the start of the new
Manchester United's takeover was rumoured to be concluding at the beginning of this week.
Manchester United fans continue to wait for the club's takeover to be finalised.
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Here are your Manchester United morning headlines for Wednesday, June 28.
Former Manchester United captain Patrice Evra has called on the Glazers to decide on their preferred takeover bidder before the start of the 2023/24 season.
It's been more than seven months since Manchester United owners the Glazers announced plans to 'explore strategic alternatives' for investment, paving the way for a protracted takeover process which still seems some way from completion.
Manchester United supporters' group The 1958 has announced plans to protest against the Glazers amid ongoing frustration regarding a prospective takeover of the club.
Manchester United fans have hijacked an Instagram post of Sheikh Jassim bin Hamad Al Thani with his family amid the ongoing takeover saga.
The Glazers are still mulling over how the Manchester United takeover process will conclude with Sheikh Jassim and Sir Jim Ratcliffe awaiting a response.
Former Manchester United striker Louis Saha has urged the Glazers to make a quick decision on the takeover after admitting Sheikh Jassim bin Hamad Al Thani's bid was 'exciting'.
Manchester United's protracted takeover continues to rumble on and has reached its eighth month following the Glazers' announcement to "explore strategic alternatives for the club" back in November.
The Manchester United takeover saga continues to rumble on with seemingly no end in sight.
Tomorrow marks exactly seven months to the day since the Glazer family put Manchester United up for sale and we are still no closer to reaching an outcome.
Manchester United fans are still patiently waiting for a formal update on the proposed sale of the club.
Manchester United midfielder Fred may feel uneasy at the prospect of Sir Jim Ratcliffe becoming the club's next owner.
It is almost seven months since the Glazer family announced plans to either sell Manchester United or welcome fresh investment. The saga remains ongoing and supporters' patience is beginning to wear increasingly thin.
Manchester United's takeover process is reportedly nearing its conclusion as Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe battle it out for ownership of the club.
Brendan Rodgers has already warned Manchester United they could become Sheikh Jassim's "plaything" should his takeover bid for the club should prove successful.