The reason behind the major spike in Manchester United shares on New York's Stock Exchange has been revealed.
United's share price - which was around $12 back in November when the Glazer family announced it was to be put up for sale - is always closely monitored and a sudden spike to $25.01 caught the eye.
The spike occurred after a report from Qatari newspaper Al-Watan claimed that Sheikh Jassim has prevailed in his bidding war with Sir Jim Ratcliffe.
But the Athletic are claiming that sources close to the Qatari off were taken aback by the suggestion shares soared because a deal was close.