Manchester United share trading 'halted' amid Sheikh Jassim 'exclusivity' confusion
manchestereveningnews.co.ukManchester United's share price sky-rocketed to a peak of $26.56 on Thursday afternoon after reports seemed to suggest the Glazers had selected Sheikh Jassim bin Hamad al-Thani as a preferred bidder.
A report from Reuters claimed the Glazers were 'negotiating granting exclusivity' to the consortium led by Sheikh Jassim, which many interpreted as the Qatari billionaire being confirmed as the preferred bidder.
The news came shortly after confirmation that Sheikh Jassim's Nine Two Holdings Limited had been certified as a UK company by Companies House, with the banker as a director and an address registered in London.
Those two developments combined to send United's share price through the roof, peaking at $26.56 by 3.50pm - around the time that the Reuters report was published. ALSO READ: Manchester United takeover latest as Glazers could stretch saga into next season At 2.45pm - just over one hour before its peak - shares were at $23.03, with the rapid increase of $3.53 in that hour forcing a stock halt which essentially blocked trading of shares.
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