22 September, Sunday, 2024
No menu items!
HomeSourcesthetimes.co.ukManchester United lose £500m in stock value amid ownership doubts

Manchester United lose £500m in stock value amid ownership doubts

The value of Manchester United has plummeted by more than £500 million amid growing uncertainty over the future ownership of the club.

Seemingly prompted by recent claims that the Glazer family may take the club off the market, United’s share price on the New York Stock Exchange at one stage dropped by 21 per cent on Tuesday. The shares closed down 18.2 per cent, valuing the business at $3.2 billion (£2.55 billion). It was the biggest fall in the stock since it went public in August 2012. The previous biggest one-day drop was on March 11, 2022, when it fell nearly 14 per cent.

United have been for sale since last November, with Sir Jim Ratcliffe and Ineos emerging as favourites to complete a £5

© Times Media Limited 2023.

Registered in England No. 894646. Registered office: 1 London Bridge Street, SE1 9GF.

RELATED ARTICLES

Most Popular

Recent Comments