Man United’s price on the New York Stock Exchange declines 

Tuesday’s value of the shares of Manchester United decreased by more than 700 million dollars, or 16%, as a result of the Glazers pulling the team off the market. This drop came after a British media report stated that the owners had stopped plans to sell the club.
The value of Manchester United on the New York Stock Exchange fell by more than $ 700 million on Tuesday,  The Glazers made the choice to stop the selling process in the hopes of receiving a bigger deal down the road because it was reported on Sunday; that they were dissatisfied with the offers they were given for the Old Trafford club over an extended negotiating phase. As a result, on Tuesday, the first trading day after the discovery because Monday was Labour Day in the United States and a bank holiday, the club’s stock market valuation decreased from £3 billion to £2.4 billion on the New York Stock Exchange. A year ago, the family had previously made clear that they would consider offers for either the entire club or a portion of it with an interest for them remaining.
Only the Qatari Sheikh Jassim and the British businessman Sir Jim Ratcliffe made a serious bid, but they fell short of the Glazers’ estimation for Manchester United. The Glazers now think they can get a higher price in 2025 when they anticipate increased interest in America, the country where the majority of the most recent billionaires have put money in the Premier League, as a result of the enlargement of FIFA’s Club World Cup to 32 nations and the 2026 World Cup. The Glazers want to be sold for between £7 billion and £10 billion. The Glazers family is deeply unpopular with United fans, who accuse the family of overburdening the club with debt during their takeover and of not investing enough to allow the club to remain in the competition.


 


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