The value of Manchester United fell following a report the controversial Glazer family would remain owners of the club.
The company's stock price fell 13% after ESPN said owners and co-chairmen Joel and Avram Glazer are confident they will secure investment to enable them to retain ownership of the club. The source cited in the article said the pair favour new investment that would allow them to remain at the helm - but with siblings and fellow directors selling their holdings - and they expect the investment will enable them to double the value of the club.
Shares dropped to $18.91 each at one point on Monday morning in New York, the lowest since November. Manchester United is a public company with some shares listed on the New York Stock Exchange.
Earlier this month, United's largest fans' group, the Manchester United Supporters Trust , called for the conclusion of the auction to buy the club"without further delay".
realmixing_desk EmptyOldTrafford
Dazzgill Another business master stroke by the Glazers... they are bluffing, they are trying it on....
Gerry_Deakin GlazersOut FullSaleOnly BoycottGame GameOver ManUtd
Yeah. That'll encourage potential investors. I'd put 2bn in, with no chance of a return on my investment as well.🤔😂🤣😅😊
Anyone just watching from the sides should be made to feel uncomfortable imo. No excuses this time 👊🇾🇪
Coincidentally shares in Norwich City accessories are going up.
Yet the supporters will still buy season tickets. 😂😂😂😂
Why don't they get the message. Greedy American owners who don't understand our Football culture. Sod off back to the states.
That’s all we need, Won’t go out of my way to watch them live whilst those clowns are in charge.
Whos investing 2.5b to keep Joel and Avram in charge and be a background shareholder... Come on now.
Like losing at football matches and players 😂😂
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