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.
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