Manchester United's share price has risen to its highest price in a month amid a potential takeover resolution.
The Reds have been on the market since November when the Glazer Family announced a prospective sale. Two leading bidders emerged in Sheikh Jassim and Sir Jim Ratcliffe. Both put in a series of bids but, seven months on, there has yet to be a resolution.
Sheikh Jassim put in an improved bid in the past few days which is reported to be around £5billion but with the promise of £1bn in investment. That offer is for total control at Old Trafford while Ratcliffe's proposal is understood to be around for 60 per cent of the club and with the option that members of the Glazer Family could remain involved.
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Reports suggest that there could finally be a decision on exclusivity this week and that has fuelled a sharp rise in the club's share price which topped $20 per share on Monday ($20.14). That was a rise of nearly one dollar in 24 hours and moved the share price to its highest value in a month.
The price dropped to just over $18 on May 12, a fall from a 2023 high of $26.64 in February. Prior to the Glazer family announcing their intention to sell in November, the share value was around $12.
United's fans have been left frustrated and angry by the lengthy process while there are concerns among the supporters that the Glazer Family could retain some control. Old Trafford boss Erik ten Hag will also be seeking a conclusion to the process to help finalise the budget for the summer and provide some stability moving forward.
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