So Manchester United [NYSE:MANU] is up for sale again and this time the bidding looks especially serious. Sheikh Jassim bin Hamad Al Thani, the son of a former prime minister of Qatar, is one of the public bidders, although it is possible there are other private bids in the pipeline. Sir Jim Ratcliffe, founder of the Ineos chemicals empire, is also now in the running.
Football teams are back in vogue again. You could blame Ryan Reynolds for making it de rigeur with his purchase of Wrexham FC, but we've also seen major names like Chelsea FC and Olympique Lyonnais go on the block. The final price for Manchester United is likely to be more than $5bn, if the recent sale of NFL franchise Denver Broncos is anything to go by.
All the bidding activity has been good for the share price, which has jumped from 13p in November to trade at 26p at time of writing, effectively doubling the value of Manchester United shares. Stock is now trading in the vicinity of its five year high. Long term holders will have recouped all their losses. The question is, do you hang on and hope for more?
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