By Betsefy
Manchester United‘s value on the stock market has increased by £450m amid rumours of a possible takeover.
The club’s shares on the New York Stock Exchange dropped at the end of last season, but their has been a steady increase of late.
United’s share price has risen 28% from $11.39 on August 9 to $14.56 when the stock exchange closed on Wednesday, resulting in the club’s market value increasing by £450m.
Although the Red Devils lost 1-0 to Real Sociedad in the Europa League on Thursday, a run of four consecutive Premier League wins is believed to have played a part in the rise in value as well as a number of important transfers.
However, according to the Daily Mail, there is a belief that talks of a possible takeover are also playing their part in investors backing the 20-time English champions.
While the Glazer ownership has been the subject of criticism and protests, lifelong United supporter Sir Jim Ratcliffe has previously expressed an interest in buying the club.
Although the report states the share price would need to reach around $25 to suggest a potential takeover was close to being completed.
