Shares in Manchester United soared in their biggest rise in a single day for nine years.

It is unclear what exactly prompted the value of shares in United to rise by almost 12% on Wednesday.

However just a day earlier, Michael Knighton, who nearly bought United in 1989, announced his intention to lodge an offer to buy the club with the financial backing of a consortium.

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Mr Knighton's interview with a United fan channel on YouTube gained plenty of traction on social media, with fans hopeful he might be the man to end the Glazers' time at the club, but the reality is he is not viewed as a credible candidate to take over.

Nonetheless, shares in the club jumped 11.94% on Wednesday - the biggest increase since the Glazers last sold shares during an initial public offering on the New York Stock Exchange in 2012.

Furthermore, 1.8 million shares were traded in total - that is four times the average number over the last 10 days.