Manchester United's share price amid Sir Jim Ratcliffe's imminent takeover

Manchester United's share price on the New York Stock Exchange has enjoyed a boost today amid reports of Sir Jim Ratcliffe's imminent arrival at the club.

Since November, United's fanbase has been waiting patiently for news of INEOS' expected start date after Sheikh Jassim bin Hamad Al-Thani withdrew from the process. Delays have scuppered any hope of Ratcliffe being in situ for the January transfer window.

However, The Times reported on Friday the British billionaire could complete his deal before Christmas Day. There was some speculation the deal had been rubber-stamped this morning but as of this evening, there has been no updates from the boardroom.

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In positive news, the stock market price for the Reds has shown an increase today. Having opened at $19.70, the Stock Exchange closed at $19.92.

Over the course of the past five days, this is an increase of 2.08 per cent. But you may be wondering why share price is important in relation to the takeover.

Often, a rising share price shows confidence in a business and is often registered before a takeover. When Sheikh Jassim was in the running, the price rose drastically on the market when it appeared the Glazers were going to complete a full sale.

This was because the market had 'bet' on the American owners leaving Old Trafford. While Ratcliffe's minority acquisition will see the Glazers remain in Manchester, the Stock Exchange is still likely to show increases if the 71-year-old is close to taking over as it would be a sign of new money coming into the club.

The New York Stock Exchange will be the first to know when Ratcliffe does arrive as the Glazers