Man United Shares Plunge By Record on Uncertainty Over Sale
- Glazers to take club off the market, Mail On Sunday reported
- Offers fall short; sale may be revived in 2025, newspaper says
The Old Trafford football ground, home of Manchester United Football Club in Manchester, UK.
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Manchester United Plc shares fell by a record amount on Tuesday after a report in the Mail On Sunday that said the Glazer family is going to take the club off the market after failing to receive offers that match their asking price.
Shares of the Premier League team dropped 18% Tuesday — the most in its 11 years as a public company — cutting its market cap by about $700 million. Manchester United is now valued at roughly $3.2 billion.