The Glazers may be prepared to put Man United on the market, according to a rumor that has significantly depressed the club’s share price in recent days.
As we get closer to the weekend, the takeover of Manchester United is still up in the air.
The Daily Mail reported on Sunday that the Glazers were thinking about removing United off the market. This was due to the fact that Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al-Thani’s bids fell short of the £10 billion threshold.
Since the weekend, more reports have claimed that the takeover has not changed and that the bidders have not been informed of any hopes the Glazers may have had to pull the club off the market. However, this has not prevented the share price from suffering a significant loss in the process.
The most recent takeover news examines the implications of share price increases and decreases for the sale of United.
What fluctuations in share price indicate for acquisition
The Athletic claims that institutional investors’ bets on Sheikh Jassim’s speedy victory are what caused the dramatic rise in the share price when a takeover was said to be imminent. The share price declines when this appears less likely to occur, which explains what has occurred since the weekend.
The story also alleges that after 10 months of deadlock, the deal seemed to be moving in “one direction.” It is alleged that during the talks, the bids and the sellers keep their distance from one another.
Possible next United protests
The 1958 have made a suggestion for the date of the upcoming protest against Glazer ownership. They said: “We mentioned on our last space that we hit issues and blockers with planning the sit in [after Nottingham Forest],” according to a statement on X.
“We’ll always come up with answers to such issues. We expand, change, and organize ourselves better.
“Coming on September 11,” followed by a sideways eye emoji that appears to allude to the announcement of additional action.
