Manchester United Ltd. MANU shares are rising Wednesday following a Bloomberg report suggesting the Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani has expressed confidence that it’s won the bidding war for the club over the previous favorite, British billionaire Jim Ratcliffe.
However, Bloomberg, citing people famliar with the matter, said the selling Glazer family could still make the decision to keep hold of the club.
As the sale of the football club moves into the critical summer months, it remails unclear when a decision could be officially announced.
The lack of clarity comes amid the religious festival of Eid al-Adha this week and Manchester United preparing for a high-profile US tour this July.
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MANU Price Action: Shares of MANU were up 4.64% at $25.11 at the time of publication, according to Benzinga Pro.
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