Why Manchester United share price has increased and what it means for Sheikh Jassim's bid

manchestereveningnews.co.uk:

Manchester United's share price has risen because traders are 'betting' on Sheikh Jassim bin Hamad al-Thani of Qatar acquiring the club.

It emerged on Monday that United's share price had risen to its highest price in a month, sitting at over $23 per share, and by Tuesday morning, the price increased again to $25 per share, which adds close to $1billion to the club's value.

Some have considered this an indication that Sheikh Jassim's bid will be successful. This is because the share price is a gauge of the perceived likelihood of a Qatar victory, as the bid is for 100 per cent of shares at Old Trafford.

Any Qatar takeover will pay out on New York-listed shares at a takeover price, which means traders are 'betting' on the Glazers selling the club to Sheikh Jassim, who has promised to clear all of United's debt in his proposal. ALSO READ: Hojlund breaks silence on United transfer interest United have been on the market since November when the Glazers announced they would be open to selling the club.