United Ahead? – The Possible Sale of Manchester United ⚽

United Ahead? – The Possible Sale of Manchester United

The tumultuous times of Manchester United seem to be coming to an end. On the football pitch, manager Erik ten Hag has vaulted the team into a near-guaranteed top 4 finish with English striker Marcus Rashford leading the way, a massive reversal from a disappointing season last year. However, off the pitch, there seems to be a mixed bag as the potential sale of the club has fans both worried and excited.

Just a few months ago, the Glazer family announced that they were open to selling the club in a move that brought joy to fans. In the past decade, United fans haven’t had much to cheer for as their city rival, Manchester City, became one of the most dominant clubs in Europe. Failing to win the Premier League since 2013, paired with a six year trophy drought has brought loads of negativity on the Glazers. The last straw seemed to be in 2021, when the Glazers along with 11 other European clubs looked to break away and form the Super League to gather more revenue and essentially destroy European football.

Despite this, the fans are worried about who will take over the club. Many bids have been placed, but two have come into public spotlight. First is from Sheikh Jassam Bin Hamad Al Thani, the chairman of the Qatar Islamic Bank, and the second comes from England’s richest man, Jim Ratcliffe. Qatar’s sovereign wealth fund is the owner of PSG, which fans believe might create external influence on the club, and the same applies to Ratcliffe as he is the owner of OGC Nice in France.

It is also important to note that the Glazers took a part of Manchester United public, trading on the stock market under ticker “MANU”. It’ll be interesting to see if the Glazers sell the shares too, and the effect of the eventual takeover on the share price. This news has caused the share price to rise by more than 10 percent, and Man United might be an interesting add to your portfolio.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.