Man Utd soars on bid story
Tuesday 15 October 1996
The latest gains followed reports that American Mark McCormack's IMG marketing agency was considering a bid for the FA Cup winners and Premier League champions.
IMG declined to comment on the United story, but said it was interested in increasing its involvement in football.
Earlier this year IMG lost out to sportswear company Adidas in a battle for control of former French football champions Olympique Marseille.
United's shares soared 45.5p to 559p, valuing the club at almost pounds 350m. The share price has virtually trebled since the start of the year. The latest run was triggered when the chief executive, Martin Edwards, who owns 17 per cent of the company, said last week that United's status as Britain's most profitable club made it a likely bid target.
The publishing group VCI made a pounds 300m bid for United earlier this year which was rejected. Potential income from pay-per-view deals is also helping to drive the share price higher.
Comment, page 21
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 5 Medina: Saudis take a bulldozer to Islam's history
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- < Previous
- Next >
iJobs Money & Business
£50000 - £80000 per annum + benefits+bonus+package: Harrington Starr: Data Sci...
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...