Manchester United’s takeover remains in the balance as we head towards the weekend.
Sunday’s report from the Daily Mail suggested the Glazers were contemplating taking United off the market. The reason for this was because bidders Sheikh Jassim bin Hamad Al-Thani and Sir Jim Ratcliffe had not reached the £10bn mark.
Further reports since the weekend have claimed there has been no change on the takeover and the bidders had not been made aware of any hopes the Glazers had of taking the club off the market. But, this has not stopped the share price taking a considerable hit in the process.
The latest takeover headlines look at what the share price rises and slumps mean for United’s sale.
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What share price changes mean for takeover
According to The Athletic, the reason behind the sudden increase in the share price when a takeover is being rumoured to be close is because institutional investors have bet on a quick win for Sheikh Jassim. When this looks less likely to happen, the share price slumps which explains what has happened since the weekend.
The article also claims the sale looks to be heading in ‘one direction’ after ten months of stalemate. It is claimed the bidders and the sellers remain some distance from each other in the negotiations.
Next United protest hints
The 1958 have hinted at when the next protest against the Glazers’ ownership will be announced. In a statement on X, they wrote: “We mentioned on our last space that we hit issues and blockers with planning the sit in [after Nottingham Forest].
“We will always find solutions to those problems. We scale, we evolve, we get more organised.
“Coming on September 11,” followed by a sideways eye emoji which seems to hint towards further action being announced.
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