Sheikh Jassim may delist United from NY Stock Exchange if he completes takeover

As per the Mirror, Qatari banker Sheikh Jassim may choose to delist the club from the New York Stock Exchange if his bid to acquire Manchester United is successful.

Similar to the example set by the Friedkin family, who own AS Roma, it is speculated that Sheikh Jassim, one of the two contenders vying to take over from the Glazer family, could opt to remove Man United from the stock exchange.

The Friedkin family withdrew Roma from the Borsa, the Italian stock exchange, in 2022 after the club had been listed for over two decades.

United initially went public on the London Stock Exchange before listing on the New York Stock Exchange in 2012 during the Glazer family’s ownership.

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Sheikh Jassim’s offer for the club is reportedly around $6.3 billion (£4.95 billion), with a significant portion of the sum expected to be paid to the Glazer family and existing shareholders.

In mid-June, the share price of United reached $23.80, marking its highest level in a month. Since then, it has continued to rise and currently stands at $25.12.

This increase in share price has added to the growing optimism surrounding Sheikh Jassim’s potential takeover of the club. His company, Nine Two Holdings, has received approval in the UK and has been incorporated there.

Sheikh Jassim is listed as one of the two directors of the company, further fueling speculation about a Qatari takeover of United.





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