Manchester United Stock Skyrockets After Rumors Of Qatari Takeover Emerge

By Tony Bebli

It was good news for Manchester United investors this week as the stock soared 15% in a day after rumors swirled around Qatari investors’ successful bid to acquire the soccer club. While everyone involved is hush-hush on if it’s actually a done deal, it was enough to encourage traders after the club’s recent valuation woes.

The news comes after another big soccer move was announced: player Lionel Messi is officially moving to the US soccer league, combined with a sweet Apple deal that leaves the legendary player cashing in, and the Apple TV streaming service with another jewel in its crown. Let’s get into the details

Key takeaways

 

  • Qatari banker Sheikh Jassim has reportedly made a successful $6.3 billion bid for Manchester United
  • Manchester United shares spiked up to 15% in a day and have climbed 24% in three trading days
  • The move comes after Messi’s megadeal signing to US club Inter Miami, complete with Adidas and Apple tie-ins
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