Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Manchester United Stock Is Up Today

TheMotleyFool 
0 0 13.06.23
Why Manchester United Stock Is Up Today: https://g.foolcdn.com/editorial/images/736172/soccer-football-sports-adidas-nike-under-armour-getty.jpg
 

A Qatari billionaire has reportedly won the auction for English Premier League club Manchester United (NYSE: MANU). The club's common shares are soaring as a result, up 10% on Tuesday morning.

Manchester United is perhaps one of the best-known sports brands globally, and it has an unusual ownership structure that allows supporters to control a small sliver. The team is owned by the Glazer family, but some of its shares trade on the New York Stock Exchange.

Last fall, the Glazers hired bankers to explore strategic alternatives for the club. In recent months, the focus has been on two potential bidders, with British investor Jim Ratcliffe reportedly interested in buying a controlling stake, and Middle Eastern investors interested in buying out all shareholders.

Continue reading


Source Fool.com

Premier Inc. Stock

€18.10
1.110%
Premier Inc. gained 1.110% today.

Show more
Like: 0
MANU
Share

Comments

Not a member yet? Sign up for free!