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Manchester United tanks on report Glazers may avoid sale with new investment

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Shares of Manchester United PLC fell 13 per cent on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.The family also expects the investment to help them double the value of the club over the next 10 ye

Shares of Manchester United PLC fell 13 per cent on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.

A small portion of the club's shares is listed on the New York Stock Exchange. The market capitalization was about $3.6 billion as of Friday's close.

 

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