Manchester United have denied reports of a £1.6bn takeover bid for the club from Qatar. There has been speculation about such a bid for some time, but the Glazers would want at least £1.8bn. The latest rumours circulated after Bloomberg reported a surge in the value of the club’s bonds.
Manchester United have denied reports of a £1.6bn takeover bid for the club from Qatar. There has been speculation about such a bid for some time, but the Glazers would want at least £1.8bn. The latest rumours circulated after Bloomberg reported a surge in the value of the club’s bonds.
Manchester United’s 250 million pounds ($400 million) of 8.75 percent notes due 2017 were at 111.44 pence in the pound, taking their gain since Feb. 8 to 5.59 pence, or 5.28 percent, according to generic prices on Bloomberg. This sort of gain suggests that the markets have caught wind of something, although it could just be rumour feeding rumour.