Man Utd takeover latest: Stock price drops despite fresh Sheikh Jassim boost

Manchester United fans are still waiting for significant progress as it relates to a possible takeover.

The Glazers are still pondering options as the new season draws a little closer, having announced they were looking for new investment during the back-end of last season. The Raine Group are managing the search, but there has been little progress over recent weeks despite bidders Jim Ratcliffe and Sheikh being left waiting.

As the two bidders wait for a decision, we have rounded up all the latest news surrounding a possible takeover at Old Trafford.

Jassim remains in the picture

Sheikh Jassim appears to remain in the race to purchase United despite recent reports claiming otherwise.

Last week it was claimed that Jassim and his Qatari group were ready to pull out of the bidding race due to the time it has taken for the Glazers to make a decision. But the BBC have now reported that Jassim does not plan to withdraw from the race - at least not yet - and that means two serious bidders remain.

That will be good news for United fans who are in favour of state ownership, but not so good news for Ratcliffe and those who want the Brit in charge going forward.

New signings angle

The Express are reporting that a Qatari takeover at Old Trafford could hand Erik ten Hag a major transfer boost.

It’s claimed a takeover could mean Ten Hag is able to make as many as six more signings this summer, although the picture may not be quite so clear. It’s unlikely a takeover will happen ahead of the new season, and indeed before the end of the transfer window, given where the takeover stands currently, and given where we are in the summer.

On the other hand, it’s not clear Ten Hag would want to carry out an overhaul as big as that in any case, likely preferring quality over quantity this summer after the progress managed last season.

Stock price change

United’s stock price has dropped as the takeover continues to rumble on, as reported by the Manchester Evening News.

On Monday, the club’s stock price dropped by 2.38 per cent to $23.60 per share, with that drop coming across Monday alone while, in the last five days, the club’s stock has dropped as much as 3.29 per cent. During the course of the takeover talk, the Red Devils’ shares have actually increased, but delays appear to have meant a levelling out, at least for now.

It’s likely stock prices will rise again when a takeover is deemed close, although they may not be available for long if Sheikh Jassim completes a takeover, with the Qatari reportedly planning to take the club private.