Manchester United's stock price affected as new deadline given for Sir Jim Ratcliffe investment

Manchester United's share price went up following the news of Sir Jim Ratcliffe extending his offer to buy 25 per cent shares of the club until the end of the week.

It was announced during the festive period that Ratcliffe had agreed a deal to acquire a minority stake at Old Trafford, with the British billionaire purchasing 25 per cent of both Class A and Class B shares, which roughly equates to the same percentage value of the whole club.

The Glazers own the Class B shares, which carry significantly more voting rights, and the Class A shares are the ones that are listed and traded on the New York Stock Exchange.

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The confirmation of the extension of Ratcliffe's offer, which was revealed in new financial documentation, means it will now expire at midnight on Friday night.

Ratcliffe agreed a deal to allow investors to sell their Class A stock for $33 per share, which is well above the current market price, hence why the share price increased after Monday's extension.

The share price has fluctuated throughout the takeover process because investors on the stock exchange have essentially 'bet' on the outcome of talks with the Glazers.

Ratcliffe held a chat with journalists in the Old Trafford press room before the Tottenham game last month and when asked if the deal was the most exciting he had done, he said: "Correct. Yes."

He said: "I have done a few exciting things, but this caps it all. There's no question about that. I am very excited to be here."

Ractliffe also clarified he could not go into detail about his plans because the regulatory process was ongoing. "I have met Erik but it would be inappropriate