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Is THIS the sign the Man United takeover is imminent? Club's share price on New York's Stock Exchange rockets by 17% - its highest price in a month - amid report Qatari bid has been successful

Related Topics: Manchester United, Joel Glazer

Manchester United shares soared by 17 per cent in after hours trading on New York's Stock Exchange on Monday night, potentially signalling imminent confirmation of a Qatari takeover.

There are two bids on the table to buy the Premier League side - one from British billionaire Sir Jim Ratcliffe and the other from Sheikh Jassim of Qatar.

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 $23.60 caught the eye.