Qatari group confident in winning Manchester United, Bloomberg says

The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani is increasingly confident it’s won the bidding war for Manchester United, David Hellier, Giles Turner, Dinesh Nair and Aaron Kirchfeld of Bloomberg report. Bids failing to meet expectations of the selling Glazer family and fears of litigation from minority shareholders have delayed the transaction, people with knowledge of the matter told Bloomberg. However, those within the inner circle of the Qatari bid have now begun communicating their confidence of victory and believe it’s just a matter of time before an official announcement is made, the sources add. One source cautioned that the Glazers could make a last minute-decision to keep hold of Manchester United, accepting funds from an outside investor to renovate the club’s stadium and training facilities, Bloomberg adds. Shares of Manchester United are up 4% to $24.97 following the report.