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Manchester United share price takes a sharp rise as Jim Ratcliffe takeover reports swirl

Manchester United's share price has increased sharply as reports of an ownership change heated up this week.

British Billionaire Sir Jim Ratcliffe formally expressed an interest in buying the club this week, as The Times reported, while Sportsmail also reported that the club was in talks to sell a minority stake to US private equity firm Apollo.

United's share price has now increased 15 percent (to $13.77) over where it stood a week ago, The Times said Thursday as the NYSE opened.

Manchester United's co-chairmen Joel Glazer (right) and Avram Glazer (left) are reportedly open to selling a stake in the club.