The share price of United, which was at $12 in November when the Glazer family said it would be put up for sale, was being widely watched when it suddenly increased to $25.01.
The increase followed a claim made by the Qatari publication Al-Watan that Sheikh Jassim had won his bidding battle with Sir Jim Ratcliffe.
The Athletic, meanwhile, asserts that individuals close to the Qatari off were surprised by the assertion that shares increased because a deal was imminent.
In fact, their report goes on to say that information about the Qatari bid winning the contract appears to have come from a Twitter account that is primarily used to advertise the illegal streaming of football games and is reportedly based in Wales.
An account with fewer than 300 followers, 2sporttv, quickly noticed the post suggesting the Qatari offer was finalized acquire traction. Al-Watan and its editor would later advertise it.
Faisal Islam, the Economics Editor for the BBC, provided additional context for the share price mystery by stating that Jassim's offer is to buy all of the shares from the Glazers, and he is prepared to pay out on the listed share price on the New York Stock Exchange upon concluding a deal.
According to Islam, the substantial share increase was caused by about a quarter of a million trades on United shares over a period of two and a half hours.
Sheikh Jassim's takeover attempt was a "success," according to a tweet from Al-Watan on Monday night, and a "deal announcement [will be] soon."
Sheikh Jassim's proposal for complete control of United is estimated to be worth roughly £5 billion, whereas Ratcliffe's Ineos is for about 60% of the company.
Ratcliffe's Ineos is interested in about 60% of United, while the overall price is roughly £5 billion.
With the transfer window about to open, there has been an increase of discontent over how long the sale has taken. The procedure initially began in November of the previous year.
It is believed that the Sheikh's most recent and decisive action was motivated by the necessity to bolster Erik ten Hag's team.
He is anxious to complete the acquisition and provide the Dutch manager with considerable funding before the upcoming campaign.
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