Manchester United share price takes a sharp rise as Jim Ratcliffe takeover reports swirl
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Manchester United share price rockets by 15% on New York Stock Exchange amid talk of a Jim Ratcliffe takeover or investment from Apollo… earning the Glazer family a reported $240MILLION since last week
- New reports about the ownership of Man United has seen their share price shift
- Share price of the club has now hit $13.77 on the New York Stock Exchange
- Britain’s richest man and US private equity firm Apollo have interest in United
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Manchester United’s share price has increased sharply as reports of an ownership change heated up this week.
British Billionaire Sir Jim Ratcliffe formally expressed an interest in buying the club this week, as The Times reported, while Sportsmail also reported that the club was in talks to sell a minority stake to US private equity firm Apollo.
United’s share price has now increased 15 percent (to $13.77) over where it stood a week ago, The Times said Thursday as the NYSE opened.
Manchester United’s co-chairmen Joel Glazer (right) and Avram Glazer (left) are reportedly open to selling a stake in the club.
Sir Jim Ratcliffe formally expressed an interest in buying the club this week
Ratcliffe would be interested in taking over the club fully if the opportunity presented itself.
‘If the club is for sale, Jim is definitely a potential buyer,’ a spokesperson for him said.
‘If something like this was possible, we would be interested in talking with a view to long-term ownership.’
The fresh calls for new ownership at the club come amid a dismal start to the season for United, who sit in last place after losses to Brighton and Brentford.
