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.
