updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131MANU stock price surged by a staggering 30% as the news emerged of Sheikh Jassim being the preferred bidder of the Premier League soccer club.
On Tuesday, June 13, the shares price of Manchester United (NYSE: MANU) popped up by a massive 30% in the pre-market hours on the New York Stock Exchange. The recent surge happened after Qatari media suggested Sheikh Jassim bin Hamad al-Thani is likely to succeed with his takeover bid.
On Tuesday, Qatar’s local news publication Al-Watan reported that Sheikh Jassim will soon emerge as the preferred bidder of the Premier League soccer club. However, Machester United has not confirmed this takeover so far. But the news was enough to put fuel to MANU shares.
The development happens after seven long months of negotiations that happened between the concerned parties. British petrochemicals billionaire Jim Ratcliffe was also one of the interested parties in buying the Manchester United Club.
The Al-Watan newspaper also shared the same news on their social media Twitter handle stating that “the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition” would be announced soon. Fahad al-Emadi, editor of Al Watan newspaper also shared a similar message. He said:
“All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition of Manchester United, and the announcement of the deal will be very soon.”
With the current surge in the stock, MANU stock price has now moved close to $25. However, it still trades in negative since the beginning of the year 2023.
The American owners of Manchester United i.e. the Glazer family announced the formal sale process of the club last year in November 2022. Back then, the company’s board of directors spoke about exploring “strategic alternatives” for the club.
Last year in August 2022, Elon Musk also made a joking comment that he was buying Manchester United which sparked a major reaction in the global football community.
In recent days, Sheikh Jassim submitted an enhanced bid of approximately £5 billion, accompanied by a pledge of £1 billion in investment. This offer aims to acquire complete ownership of Old Trafford. Meanwhile, Ratcliffe’s proposal is believed to be for a 60% stake in the club, with the possibility of involvement from members of the Glazer Family.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
OKB (OKB), the native token of the OKEX exchange, has seen a decent surge in price after the platform announced a sponsorship deal with English football champions Manchester City. The deal, which is said to be worth millions of dollars, is expected to last several years. Here is what we know:
OKEX promotional materials will appear on men and women Man City teams.
OKB surged shortly after the news but has lost some of those gains.
The coin was trading at around $17.59 at press time.
Data Source: Tradingview.com
Over the last few months, global crypto exchanges have been stepping up their partnership with sports entities. Crypto.com made headlines with a slew of partnerships with major US franchises, and Coinbase was the first exchange to air an ad during the Superbowl.
OKEX is also following the same moves in a bid to bring in more users to the platform. This can only be good news for the OKB token. However, despite the small surge in response to this news, we still expect OKB to remain very volatile.
In fact, even after surging shortly after the news, OKB fell sharply once more and was trading at $17.59. But the deal with Manchester City is a big deal. It will bring a lot of visibility and brand recognition for OKX.
Well, exchange tokens are often not the most popular investment option for crypto investors. But in case you are looking for a token that offers real utility, then OKB is a great option.
Besides, OKEX is now one of the biggest exchanges in the world. As the platform continues to get strong visibility with deals like the Man City one, OKB will grow further. Therefore, it is something truly worth buying, especially right now that it has dipped significantly.