Manchester United – What now?
After reports of a sale u-turn, where to next for Manchester United? Or are the Glazers just playing the long game? IG’s Angeline Ong takes a look.
(Video Transcript)
Manchester United shares
Just wanting to follow up on one of the most followed stories in both finance and sport, US listed shares in English football club Manchester United continuing to sink, recently setting its steepest one-day percentage fall on record. Now let's just get you across the details. Recently the Mail said that the Glazer family is set to take the club off the market. This comes after Qatar's Sheikh Jassim bin Hamad Al Thani faced off with Ratcliffe over bids. This is according to media reports back in June.
The Glazer family
However, there has been no clear bidder yet and the latest report is that the Glazer family, according to the Mail, will take the club off the market. This has caused a lot of consternation as you can see in the stock price fall. It has to be said though that the stock has risen some 80% since the Glazer said they were considering selling the club back in November.
Some market watchers say the Glazers need the money and need to diversify. Others say that the recent reports show that the Glazers might be taking the club off the market just to bump up the price.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
