Qatar Group Now Confident Of Winning Manchester United Race; Deal For The Storied Football Club Has Been Beset With Delays; Structure Of Jim Ratcliffe Offer Opposed By Some Shareholders' - Bloomberg News
Portfolio Pulse from Happy Mohamed
The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani is confident of winning the bid for Manchester United Plc, overcoming a rival offer from British billionaire Jim Ratcliffe. The sale process has been delayed due to unmet expectations of the selling Glazer family, disagreements among the owners about selling, and fears of litigation from minority shareholders.
June 28, 2023 | 4:33 pm
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The Qatari group's confidence in winning the bid for Manchester United Plc could potentially lead to a change in ownership, which may impact the company's stock price.
The news of a potential change in ownership of Manchester United Plc could lead to uncertainty among investors, which may impact the company's stock price. However, the extent of this impact is uncertain due to the ongoing nature of the bidding process and the potential for further delays.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100