Manchester United share price rally: Qatar Sports Investments allegedly ahead of a bid for football club

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Manchester United:

Qatar offer?

Photo: IMAGO/Simon Stacpoole / IMAGO/Offside Sports Photography

Manchester United, traded in New York, could benefit on Wednesday from rumors of a possible bid from Qatar.

In trading on the European Tradegate platform, the price jumped by more than 20 percent at times in the morning.

According to the "Daily Mail", investors from the emirate are working on an offer.

According to the Daily Mail, this could come in the coming days.

However, the newspaper did not name a specific source, but referred to "circles".

It was announced in November that the American owners of Manchester United were considering selling the English Premier League club.

As the football club announced at the time, the Glazer family was "looking into external financing to encourage growth".

To this end, the board will "consider all strategic alternatives, including new investments in the club, a sale or other transactions affecting the company," the statement said.

The rumors warmed up by the Daily Mail are not new.

(62) traveled to Qatar

during the World Cup to work on behalf of the Manchester United family that owns the same name

(ManUtd) Talking to investors was reported by "The Athletic" shortly before Christmas.

ManUtd said in November that they would examine all "strategic alternatives" for the billionaire club, including a sale.

The talks have not been confirmed, but QSI is said to have told insiders that it intends to invest in at least one Premier League club.

On the one hand, the company, which is closely related to the Qatari sovereign wealth fund, would thus diversify its sports investments and secure the portfolio.

On the other hand, with this step, QSI President

(49) would take account of the growth and increasingly global profile of the English league.

If Manchester United is now taken over, it could also be interesting for the German software group Teamviewer.

The company has a pricey shirt sponsorship deal with the English Premier League club which it wants out of as soon as possible.

CEO Oliver Steil did not want to speculate about whether this would happen the day before when the business figures were presented.

"We don't know when Manchester United will find a new main shirt sponsor. But we would then also invest some of the money that would be freed up in other marketing measures, and we would remain a partner of Manchester United to a much lesser extent."

Nevertheless, the operating margin would increase by several percentage points in this case, according to Steil.