Manchester United stock price rises amid Sheikh Jassim takeover rumours

Manchester United's stock price has risen by 3.45 per cent over the past five days as the takeover process continues to rumble on.

The Glazers announced in November they would be seeking further financial investment in United which included the option of a full sale. In the months which have followed, two men have managed to position themselves in front of the pack - Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe.

Sheikh Jassim's bid aims to purchase the entirety of the club meaning the Glazers would leave Old Trafford. Ratcliffe's offer would see him buy 60 per cent of the Reds and opens the door for the American owners, particularly Joel and Avram, to stay.

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ALSO READ: Why Ferdinand thinks takeover hasn't been completed

Reports milling around suggest the takeover could be set for a major update soon. On his Vibe with Five YouTube channel on Monday, July 3, former United defender Rio Ferdinand and his presenter colleague Joel Beya hinted there would be news from Old Trafford about the state of the sale on Tuesday, July 4. Currently, Sheikh Jassim is deemed to be in the driving seat to buy the Reds.

Previously, after such reports stated big news on the takeover, there was a major boost to the United stock price. However, at close on Monday, the shares had risen modestly to $24.40.

Over the course of the past five days, this shows a 3.45 per cent increase which is not hugely groundbreaking. Between Thursday and Friday last week, we saw the biggest rise over the past few days as the share rose from $23.97 to $24.78 in less than 24 hours.

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