Manchester United stock jumps after report of ‘world record bid’ for the club

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Manchester United stock jumps after report of ‘world record bid’ for the club
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The bid would top the record $4.65 billion paid last year for the NFL’s Denver Broncos.

Manchester United is set to receive a “world record bid” for the club from Qatar’s Sheikh Jassim Bin Hamad Al Thani, according to Sky Sports.

The bid would top the record $4.65 billion paid last year for the NFL’s Denver Broncos by a group of investors led by Walmart Inc. WMT heir Rob Walton. Shares of operator Manchester United Ltd. MANU rose 5.3% Wednesday vs. the S&P 500 index’s SPX decline of 0.2%. Representatives of Sheikh Jassim visited the club last Thursday to receive a presentation on a possible presentation. Sky Sports reported that they spent 10 hours at the club.

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