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Manchester United shares jump again on Saudi interest

By Sam Boughedda  Manchester United plc (NYSE:MANU) shares jumped again on Friday after comments from Saudi Arabia Sports minister Prince Abdulaziz bin Turki Al-Faisal that they...
Manchester United shares jump again on Saudi interest © Reuters Manchester United (MANU) shares jump again on Saudi interest
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By Sam Boughedda 

Manchester United plc (NYSE:MANU) shares jumped again on Friday after comments from Saudi Arabia Sports minister Prince Abdulaziz bin Turki Al-Faisal that they want their investors to acquire Manchester United as well as FSG-owned Liverpool.

Speaking to Sky News, the Saudi Arabia sports minister said he hoped both clubs would be able to fall under Saudi ownership. "I hope so, if there are investors and the numbers add up, and it makes a good business," he said, adding that the private sector could come in, or companies could come in.

The comments resulted in a more than 16% rise in Manchester United shares after a 14% jump on Tuesday and a 25% increase on Wednesday.

Fellow Premier League club Newcastle United already has Saudi Arabian owners after it was acquired through the country's Public Investment Fund.

Prince Abdulaziz bin Turki Al-Faisal added that the Premier League is the best and most watched league in the world, with "diehard fans of these teams in the kingdom." He argued that potential Saudi ownership of Manchester United and Liverpool would be "a benefit for everyone."

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09-12-2022 01:39:14 (UTC+7)

EUR/USD

1.0559

+0.0054 (+0.51%)

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↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

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EUR/USD

1.0559

+0.0054 (+0.51%)

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↑ Buy

Moving Avg:

Buy (10)

Sell (2)

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Buy (10)

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GBP/USD

1.2247

+0.0048 (+0.39%)

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Buy (11)

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USD/JPY

136.54

-0.06 (-0.04%)

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Buy (4)

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AUD/USD

0.6772

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USD/CAD

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EUR/JPY

144.16

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Sell (6)

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    EUR/USD 1.0559 ↑ Buy  
    GBP/USD 1.2247 ↑ Buy  
    USD/JPY 136.54 ↑ Sell  
    AUD/USD 0.6772 ↑ Buy  
    USD/CAD 1.3570 ↑ Sell  
    EUR/JPY 144.16 ↑ Buy  
    EUR/CHF 0.9889 Buy  
    Gold 1,803.85 ↑ Buy  
    Silver 23.348 ↑ Buy  
    Copper 3.8915 ↑ Buy  
    Crude Oil WTI 71.88 ↑ Sell  
    Brent Oil 76.68 ↑ Sell  
    Natural Gas 6.112 Sell  
    US Coffee C 159.73 ↑ Buy  
    Euro Stoxx 50 3,921.27 ↑ Sell  
    S&P 500 3,968.26 ↑ Buy  
    DAX 14,264.56 ↑ Sell  
    FTSE 100 7,472.17 ↑ Sell  
    Hang Seng 19,450.23 Neutral  
    Small Cap 2000 1,819.15 ↑ Buy  
    IBEX 35 8,225.20 ↑ Sell  
    BASF 47.100 Neutral  
    Bayer 52.73 ↑ Sell  
    Allianz 203.65 ↑ Sell  
    Adidas 117.54 ↑ Buy  
    Lufthansa 7.712 ↑ Sell  
    Siemens AG 132.00 ↑ Sell  
    Deutsche Bank AG 10.022 ↑ Sell  
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