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Man United's share price plummets amid reports the Glazers will take the club off the market

Home> Football> Football News> Man Utd

Updated 19:00 5 Sep 2023 GMT+1Published 18:44 5 Sep 2023 GMT+1

Man United's share price plummets amid reports the Glazers will take the club off the market

Manchester United's market value has reduced on the New York Stock Exchange.

Nasir Jabbar

Nasir Jabbar

Manchester United's share price has plummeted amid reports the Glazers will take the club off the market.

On Tuesday, Man United's market value on the New York Stock Exchange fell as much as 21 per cent.

Man United's share price is on track for its worst day after £550 million was wiped off the value.

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It was reported on Saturday that the club's American owners will take the Red Devils off the market after bidders failed to reach their huge asking price.

The Glazers have received offers throughout a protracted negotiating period, with Sheikh Jassim and Sir Jim Ratcliffe only emerging as the two serious bidders.

The Glazers are reportedly looking for £10 billion to sell Manchester United. Image: Getty
The Glazers are reportedly looking for £10 billion to sell Manchester United. Image: Getty

The Qatari banker wants to purchase the whole club while the British billionaire's offer would leave the Glazers with a minority interest.

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Sources close to the situation claim the two bidders have been left frustrated as to the current owners' stance, making multiple rounds of offers and being given no indication of where they stood in terms of completing a deal to purchase Man United.

The Glazers are holding out for a whopping £10 billion.

According to The Daily Mail's initial report, the Glazers will wait until 2025 to try and sell the club as they hope financial and 'environmental' factors may attract more bidders and a bigger offer.

Featured Image Credit: Getty/via Kieran Maguire

Topics: Manchester United, Football

Nasir Jabbar
Nasir Jabbar

Nasir Jabbar is a journalist at SPORTbible. He graduated from Bath Spa University with a BA in Media Communications. He's a combat sport aficionado and has contributed to MMA websites AddictedMMA and CagePotato. Nasir has covered some of the biggest fights, while interviewing the likes of Conor McGregor, Anthony Joshua, Tyson Fury and Darren Till. He's also an avid Bristol City fan.

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@NasJabbar

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