Manchester United's share price slumps by 22%!

Manchester United shares slumped by as much as 22%, before rebounding 1.2% higher, amid ongoing speculation about a possible deal for the English Premier League football team. Manchester United's share price SLUMPS after Sheikh Jassim withdraws Qatar's £5bn offer... with British billionaire Sir Jim Ratcliffe now closing in on gaining a minority stake Pre-market trading saw Manchester United's stock price fall by as much as 22 per cent on Monday morning. Following news that Sheikh Jassim and the Qatari bid was being withdrawn and that Sir Jim Ratcliffe is now closing in on securing a 25 per cent minority stake in the club - leaving the Glazers in position - United's shares took a significant slump.  The bidding process, which has been going on for almost 12 months, came down to two offers: one from Qatar, led by Sheikh Jassim Bin Hamad J.J. Al Thani, and one from Ratcliffe, which would go on to be revised to be a minority stake.  Ratcliffe's minority stake is understood to be valued at £1.4billion.  That bid - which is set to be discussed by United's board at a meeting on Thursday - would value United at more than £ 5 billion and as a result, their potential share price should be almost double the £17 it was trading at last week.