the low in the shares of Manchester United Plc deepened on Monday. The English Premier League club was roughly 25% below the established record this month as the bidding war for the iconic soccer club continues.
The fall occurs behind a column of the financial times which suggests the club is worth around US$1.6 billion, less than half the default value in the price of the shares. That measure is now around $4.2 billion, according to data compiled by Bloomberg.
The actions registered losses of around 26% since the close on February 16. Growing speculation surrounding a sale by the Glazer family caused shares to will rise from 2022 fines. Sheikh Jassim bin Hamad bin Jaber Al Thani, a member of the Qatari royal family, and Jim Ratcliffe, Britain’s richest man, They were leading the fight.
Qatari group could buy Manchester United
Separately, the FT reported over the weekend, citing a person close to the situation, that the offers must be bigger to buy the team, alluding to Sheikh Jassim’s offers and Ratcliffe are not high enough for the Glazers.
Bloomberg News has reported that investors cAtaris planned an initial offer of around £5bn ($6 billion) by Manchester United, potentially making it the largest acquisition by a registered professional sports club.
Club representatives did not immediately respond to an emailed request for comment.
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