Manchester United sold in bulk, shares soar

Premier League giant Manchester United has been sold to Qatari businessman Sheikh Jassim bin Hamad Al Thani. The American Grazer family sold Manchester United shares, which it bought for 790 million pounds in 2005, to Sheikh Jassim bin Hamad Al Thani for approximately $6.3 billion.

After the news that Manchester United was sold to Qatari businessman Sheikh Jassim bin Hamad Al Thani, the club’s shares on the stock market registered their highest level in the last 2 months. The club’s shares, which are listed on the New York Stock Exchange, hit their highest level since April 13, hitting $23.17. Manchester United shares traded at $22.71 as of 21.13 TSI.

It was claimed that the Grazer family had previously requested approximately $7.5 billion for the sale of the club. However, after lengthy negotiations, the Grazer family accepted the figure given by Sheikh Jassim bin Hamad Al Thani, reducing the sale price by approximately $1 billion.