Highlights

  • Apart from a Saudi bid, Qatar has also expressed interest in buying the Red Devils
  • Sir Jim Ratcliffe, one of Britain's richest men, also wants to buy the Old Trafford club

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Manchester United shares rise amid reports of Saudi buyout bid

The stock closed at $26.84 on Thursday, up almost 10 percent, on the New York Stock Exchange, with potential buyers expected to submit initial offers before the Friday deadline.

Manchester United shares rise amid reports of Saudi buyout bid

Shares of Premier League club Manchester United rose sharply ahead of the deadline for takeover bids and reported interest from Saudi Arabia.

The stock closed at $26.84 on Thursday, up almost 10 percent, on the New York Stock Exchange, with potential buyers expected to submit initial offers before the Friday deadline.

Also read: Europa League: Barcelona hold back Marcus Rashford-inspired Manchester United to 2-2 draw

With a bid also expected to come from Qatar, reports of a move from Saudi Arabia could heighten the possibility of the sale price reaching an estimated $6 billion.

Jim Ratcliffe, one of Britain's richest men and owner of petrochemicals giant INEOS, had also publicly confirmed his intention to buy the Old Trafford club.

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