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Manchester Evening News
Manchester Evening News
Sport
Richard Fay

Manchester United market value increases by more than £1billion in three days

Manchester United's stock market value has risen to $3.6billion (£2.98bn) following the announcement from the Glazer family that they are open to selling the club.

United's shares have continued to rise all week following a statement from the club on Tuesday that the club was looking at 'different strategic alternatives' including the possibility of a full sale.

The shares, which are traded on the New York Stock Exchange, rose more than 17 percent to $22.05 (£18.22) in morning trading on Friday, meaning the stock is up almost 70 percent from its Monday closing price of $13.03 (£10.77) a share.

Read more: Saudi Arabia stance on United takeover

These recent stock gains have pushed the market value of United to more than $3.6 billion (£2.98bn), meaning that is likely to be the lowest amount the owners would consider selling for, though it is understood they will attract offers far above that and could seek as much as £5billion to sell.

The news that the Glazer family is willing to sell United has piqued the interest of the world's wealthiest billionaires.

The Manchester Evening News revealed in midweek that the Red Knights would consider putting together a consortium to try and buy the club now that it's on the market.

A spokesperson for Sir Jim Ratcliffe declined to comment on whether the lifelong United fan would bid for the club, but the 70-year-old is understood to be interested in ending the Glazers’ 17-and-a-half-year occupation.

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