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

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Shares of Manchester United PLC fell 13% 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.

Soccer Football - Europa League - Play-Off Second Leg - Manchester United v FC Barcelona - Old Trafford, Manchester, Britain - February 23, 2023 General view of a corner flag inside the stadium before the match REUTERS/Carl Recine/File Photofell 13% 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 years, ESPNThe English soccer club's stock fell to $18.91, its lowest since late November, when the Glazers had started weighing options including new investment or a potential sale for the 20-time English champions that they bought 17 years ago for 790 million pounds .A small portion of the club's shares is listed on the New York Stock Exchange. The market capitalization was about $3.

 

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