Shares of Manchester United briefly pop 16% after Qatar media hints at takeover bid ‘success'

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Shares of Manchester United briefly pop 16% after Qatar media hints at takeover bid ‘success'
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Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to be successful with his takeover bid.

Qatar's Al-Watan newspaper reported Tuesday evening that Sheikh Jassim, a son of the country's former prime minister and one of the richest men in the Mideast Gulf state, is poised to be announced as the preferred bidder of the Premier League soccer club.The reports come after seven months of negotiations, with British petrochemicals billionaire Jim Ratcliffe also in talks to buy the club.

Sharing the news via Twitter, the social media account of the Al-Watan newspaper said, "The success of Sheikh Jassim bin Hamad bin Jassim's acquisition" would be announced soon."All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim's acquisition of Manchester United, and the announcement of the deal will be very soon," he said.the formal sale process late last year, saying in a Nov.

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