![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/man-utd-shares-suffer-record-fall-amid-talk-glazers-may-take-club-off-the-market/&media=https://uknews.evprotec.com/wp-content/uploads/2023/09/RR-OFFPLEX-GLAZER-STOCK.jpg&description=RED ALERT Published : 18:49, 5 Sep 2023 Updated : 18:49, 5 Sep 2023 MANCHESTER UNITED shares fell by a record amount following reports that the Glazer family are going to take the club off the market. The club has been trading on the stock market since 2012 and the latest falls are the largest there has been during the 11 year period. 6 The Glazer family are reportedly set to take Man United off the market Credit: PA 6 Fans have been protesting about the ownership Credit: Getty 6 News of the Glazer's intentions has been followed by record falls in the club's shares on the stock market Credit: Getty Shares for the Old Trafford outfit fell by a whopping 21% after the news broke of the Glazer's desire to stop searching for a new buyer for the club. The changes saw the club's market cap fall by an unbelievable £550million - leaving the club's current market value at around £3.3billion. The new valuation is a far cry from the rumoured asking price that has been set by the Glazer family during their negotiations to sell. It is claimed that the Glazers want close to £10BILLION in order to sell the Red Devils. They had been trying to sell the club since November, but despite long negotiations with potential buyers Sheikh Jassim and Sir Jim Ratcliffe neither have met their valuation. 6 Qatar's Sheikh Jassim has been in negotiations to buy Man United Credit: 6 Sir Jim Ratcliffe has also been trying to purchase the club Credit: PA According to the Daily Mail this has led to the long-loathed owners taking the club off the market in hopes of a future sale instead. It is said they will be looking to re-list United for sale in 2025 when they anticipate that "environmental and financial factors may attract more bidders". There has been long-standing issues between the American owners and the Man United fanbase who haven't seen eye-to-eye over the course of their 18-year ownership. Fans of the Manchester giants held a sit-in protest a couple weeks a go in the hopes of forcing throug){kind=link}
MANCHESTER UNITED shares fell by a record amount following reports that the Glazer family are going to take the club off the market.
The club has been trading on the stock market since 2012 and the latest falls are the largest there has been during the 11 year period.
Shares for the Old Trafford outfit fell by a whopping 21% after the news broke of the Glazer’s desire to stop searching for a new buyer for the club.
The changes saw the club’s market cap fall by an unbelievable £550million – leaving the club’s current market value at around £3.3billion.
The new valuation is a far cry from the rumoured asking price that has been set by the Glazer family during their negotiations to sell.