Manchester United's share price has risen because traders are 'betting' on Sheikh Jassim bin Hamad al-Thani of Qatar acquiring the club.
It emerged on Monday that United's share price had risen to its highest price in a month, sitting at over $23 per share, and by Tuesday morning, the price increased again to $25 per share, which adds close to $1billion to the club's value.
Some have considered this an indication that Sheikh Jassim's bid will be successful. This is because the share price is a gauge of the perceived likelihood of a Qatar victory, as the bid is for 100 per cent of shares at Old Trafford.
Any Qatar takeover will pay out on New York-listed shares at a takeover price, which means traders are 'betting' on the Glazers selling the club to Sheikh Jassim, who has promised to clear all of United's debt in his proposal.
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United have been on the market since November when the Glazers announced they would be open to selling the club. Two leading bidders emerged in Sheikh Jassim and Sir Jim Ratcliffe, but, eight months on, there has yet to be a resolution.
Sheikh Jassim put in an improved bid in the past few days which is reported to be around £5billion but with the promise of £1bn in investment for the team and surrounding community. That offer is for total control at Old Trafford.
Ratcliffe's proposal is understood to be around for 60 per cent of the club and with the option that members of the Glazer family could remain involved in some capacity.
United fans have made clear their desire for a full buy-out from the Glazers, who became majority shareholders in 2005.
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