There was a great increase in Manchester United stock on Friday after they reportedly showed interest in buying the soccer club. United made a sta
There was a great increase in Manchester United stock on Friday after they reportedly showed interest in buying the soccer club.
United made a statement earlier this week which consisted of the board of directors’ plans to “explore strategic alternatives for the club”. These alternatives being new investments and the selling of the club.
The English newspaper The Daily Star said that on Friday Apple showed interest in buying Manchester United for £5.8 billion or $7 billion. Though a source for this information was not revealed, CEO of Apple Tim Cook is reportedly “keen to explore the opportunities owning United could provide.”
The Daily Mail also reported earlier this week that other parties like Meta or Amazon or sovereign states could be eligible suitors. None of the companies involved have responded or commented on the matter except for Amazon which said it doesn’t comment on rumors or speculation.
United’s shares have increased 17% on Friday to $22.04 which is on track to beat their highest close since November of 2018. Their stock is up 69% over the past 3 days and their shares for this year are up a total of 55% percent.