"Sheikh Jassim 'Wins Man Utd Takeover Race' After £6B Breakthrough As Glazer Sale Date Set" - Express
Portfolio Pulse from Happy Mohamed
Sheikh Jassim bin Hamad Al Thani is reportedly set to buy Manchester United (MANU) from the Glazers after making a significant breakthrough in talks. A £6 billion deal is close, with a takeover expected to be completed by November. Sheikh Jassim has pledged to clear the millions of pounds in debt accumulated since the Glazers' controversial takeover in 2005. Despite the uncertainty over the club's ownership, Erik ten Hag has completed his desired transfer business this summer, spending £179 million on three arrivals.
August 07, 2023 | 12:46 pm
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Manchester United is set to be bought by Sheikh Jassim for £6 billion. The takeover, expected to be completed by November, could lead to significant changes in the club's financial structure and management.
The news of the takeover could lead to a positive sentiment among investors, as Sheikh Jassim has pledged to clear the club's debt. This could potentially improve the club's financial health and lead to a rise in the stock price in the short term.
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IMPORTANCE 80
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