Manchester United PLC MANU Shares rose in Tuesday’s after-hours session after reports that Qatari investors would make an offer for the football club within a few days.

What you should know: According to a Daily Mail reportManchester United were expected to receive a “massive offer” from Qatari investors as early as this week.

The report notes that sources said a group of “private wealthy individuals” in Qatar are interested in buying the football club, which they consider to be one of “football’s crown jewels”.

The Glazer family, who currently own the club, set an application deadline mid-month so details of the application should be out soon. Bidders were reportedly confident their bid would “blow the competition out of the water.”

Look at that: This is how much Manchester United shares could be worth if sold

In November, Manchester United’s board of directors launched a process to examine strategic alternatives for the club to support the club’s future growth.

“We will examine all options to ensure we serve our fans best and that Manchester United maximizes the significant growth opportunities available to the club now and in the future.” Avram Glazer and Joel GlazerManchester United executive co-chairs and directors said at the time.

The news came shortly after the club parted ways with the superstar Cristiano Ronaldo to “mutual consent”. He scored 145 goals in 346 games with the team.

MANU price campaign: Manchester United shares are up 6.30% after the close of business to $21.12 at the time of writing Gasoline Pro.

Photo: noodley from Pixabay.