Might get some push on this news on Mon, hopefully we can see some recovery as the prospect of Glazers accepting a deal becomes more likely
Deadline pushed back to June before transfer window from the April/Q1 2023 expected timeline
News broke today that we’re heading into our third round of biddings, with the last round presumed to have reached nearly 5 billion.
Have the Glazers gotten too greedy, or will this distinguish the winning bid as others back away? I am betting on the latter; still bullish, and this 3rd round only pushes the valuation even higher if a bid is settled. Nothing like a bid war to get the ego (and money) flowing
Looks like the Glazers Might be retaining control of the club, MANU dropped in PM and tapped $20 at open and got rejected which has been strong support for a while, could be an opportunity to play some downside as options arent too expensive.
Stock has been moving upwards in the last couple of weeks due to rumours surrounding negations once again. Especially today when Reuters reported that the Glazers are negotiating exclusivity with the Qataris (100% buyout bid). However, it seems Ratcliffe is still in the race (smaller stake). At least according to BBC.
I don’t hold a position in this currently.
Potential buyout for £6bn
Shocker, looks like the Daily mail were probably false. Picked up some December calls on the dip.
Could be a good entry point around here on Jan/ Dec expiries, soft deadline is November. Last time around the spring deadline we started getting news articles of offers and it pumped the stock quite a fair bit.
Moving off more news from the rumour mill
I think Jim Ratcliffe being ahead is bad since he’s asking for a minority stake
Down 20% in overnight trading on Ibkr
In theory MANU should head back down