Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United’s valuation on the New York Stock Exchange plummeted by more than £500million in the wake of a report that the Glazers have decided not to sell. Nine months ago the owners announced a full sale was among the options being considered as part of a strategic review at the Old Trafford club. Sheikh Jassim and Sir Jim Ratcliffe made offers to buy United, yet the interminable potential takeover process rumbles on as fans continue to protest against the Glazers. Hopes of a full sale were seemingly dashed when the Mail on Sunday reported that the owners are taking the club off the market and will try to sell again in 2025. That report led to more than £500m being knocked off United’s share price on Tuesday. After the New York Stock Exchange reopened following the Labor Day holiday, the price plummeted from 23.66 US dollars (£18.83) to 19.35 US dollars (£15.40) by close. United’s market capitalisation – the company’s worth on the stock market – was left at 3.15billion US dollars (£2.5billion) after the 18.22 per cent drop. Earlier this year the Glazer family reportedly valued United at £6bn. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-06 15:48
Damaged tail rotor to blame for helicopter crash in 2018 that killed Leicester owner and 4 others
An accident inquiry says a damaged tail rotor was to blame for a helicopter crash that killed the owner of English soccer club Leicester and four others in 2018
2023-09-06 07:45
CVC Is Nearing Deal for €16 Billion Infrastructure Manager DIF
CVC Capital Partners is set to expand in infrastructure, one of the most active areas of dealmaking, as
2023-09-05 17:53
F1 drivers Sainz and Norris team up with soccer stars to back and advise $54M investment fund
Formula One drivers have teamed up with world and European champion soccer players investing in a 50 million euros ($54 million) fund launched Tuesday that will use their advice to seek sports-related targets
2023-09-05 17:53
Bailey Faces a Grilling, and Summer’s Back: Sunday UK Briefing
Hi again. Here’s what we’re talking about heading into the new week. The big talker: Parliament’s back, and
2023-09-03 20:19
Meloni to Watch Ferrari at F1 GP, Skipping Investor Forum
Investors hoping to hear from Giorgia Meloni at the annual Ambrosetti Forum — particularly on her interventionist moves
2023-09-03 19:28
Mohamed Al Fayed, Tycoon Who Clashed With Royals, Dies at 94
Mohamed Al Fayed, the Egyptian businessman who began his career selling drinks on the streets of Alexandria and
2023-09-02 05:47
Mississippi governor’s brother suggested that auditor praise Brett Favre during welfare scandal
As Brett Favre became ensnared in media attention for his connection to Mississippi’s sprawling welfare scandal, Gov. Tate Reeves’ brother suggested the state official investigating the case praise the retired NFL quarterback
2023-09-02 04:26
Charter Takes on Disney in Fight Over Cable TV’s Future
Charter Communications Inc., the No. 2 US cable TV provider, declared war on Walt Disney Co., saying it
2023-09-02 03:52
MLB testing hands-free entry for fans utilizing facial authentication, AI security
The Philadelphia Phillies have partnered with Major League Baseball to use their stadium as the site of a pilot program called Go-Ahead Entry
2023-09-01 02:55
Billionaire Thomas Tull Is in Talks to Increase Stake in Steelers
Billionaire Thomas Tull is vying against rival bidders as he seeks to increase his ownership in the NFL’s
2023-08-31 06:52
Court upholds Michael Avenatti's conviction for plotting to extort up to $25 million from Nike
A federal appeals court has upheld disgraced lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from shoe giant Nike – one of several legal messes that have landed him behind bars
2023-08-31 01:20