Manchester United shares plummet
The delay in the time of the sale of the club causes United's shares to suffer the biggest drop in their history
Manchester United‘s shares suffered the biggest drop in their history on the same day on Tuesday when the club’s sale process was paralyzed.
United, which is listed on the New York Stock Exchange, saw its shares plummet 18% this Tuesday amid rumors that the Glazer family, owners of the club since 2005, have reconsidered the sale and prefer to wait for the future, in a more beneficial scenario for your interests.
This comes after the two major interested parties to take over the club, the British billionaire Jim Ratcliffe and Qatar did not meet the claims of 6 billion pounds that the Glazers were asking for, which has stalled the sale for months.
In total, United’s value fell by around 700 million euros this Tuesday, to 3.2 billion euros. When the Glazers took over the club in 2005, they paid less than 800 million for it.
However, his management in recent years has been in question, especially after the departure of Sir Alex Ferguson and the drop in results that caused a period of five years without winning titles, in addition to not winning the Premier League since 2013. This, Together with complaints from fans who consider that not enough has been invested in relation to how deeply in debt the club is, leads to regular protests both in the stadium and outside of it.