Man Utd stock market has been raised by £450m following rumours of a possible takeover
Manchester United’s value on the stock market has increased by £450m following rumours of a possible takeover.
The club’s shares on the New York Stock Exchange dropped at the end of last term, however, there has been a steady increase of late.
The Red Devils share price has risen 28% from $11.39 on August 9 to $14.56 when the stock exchange end on Wednesday, resulting in the teams market value increasing by £450m.
Although the 20-time English champions deal 1-0 to Real Sociedad in the Europa League on Thursday, a run of four consecutive Premier League victories is believed to have played a part in the rise in value as well as a number of important additions in the summer.
However, according to the Daily Mail, the talks of a possible takeover are also playing huge part in investors backing the Red Devils
While the Glazer ownership has been the subject of criticism recently and protests, lifelong the Red Devils supporter Sir Jim Ratcliffe has previously expressed an interest in buying the team.
Although, the report states the share price would need to reach around $25 to suggest that a potential takeover was close to being completed.