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© Reuters. Manchester United (MANU) jumps on report it is negotiating exclusivity interval with Qatar’s Sheikh Jassim
English Premier League big Manchester United plc (NYSE:) is negotiating to grant exclusivity to Qatar Sheikh Jassim bin Hamad al-Thani’s consortium, Reuters reported Thursday.
The publication revealed that sources instructed them members of the Glazer household, which personal minority stakes within the membership and management it resulting from a dual-class share construction, would money out as a part of the proposed deal to promote itself for over $6 billion.
MANU shares are up greater than 8%, above the $25 per share mark on the time of writing.
The Qatari consortium and British billionaire Jim Ratcliffe’s INEOS have each submitted bids for the membership, however Reuters said that the Glazers at present view the Qatari bid extra favorably.
The INEOS proposal would see the Glazers maintain some curiosity in Manchester United.
In an exclusivity interval, Manchester United would not be allowed to barter with every other bidder in the course of the interval, though Reuters are unaware how lengthy the interval would final.
The publication additionally said that its sources stated the state of affairs remained fluid and a brand new bid from Ratcliffe might cease Sheikh Jassim from securing exclusivity.
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