MANCHESTER UNITED shares fell by a record amount following reports that the Glazer family are going to take the club off the market.
The club has been trading on the stock market since 2012 and the latest falls are the largest there has been during the 11 year period.
PAThe Glazer family are reportedly set to take Man United off the market[/caption]
GettyFans have been protesting about the ownership[/caption]
GettyNews of the Glazer’s intentions has been followed by record falls in the club’s shares on the stock market[/caption]
Shares for the Old Trafford outfit fell by a whopping 21% after the news broke of the Glazer’s desire to stop searching for a new buyer for the club.
The changes saw the club’s market cap fall by an unbelievable £550million – leaving the club’s current market value at around £3.3billion.
The new valuation is a far cry from the rumoured asking price that has been set by the Glazer family during their negotiations to sell.
It is claimed that the Glazers want close to £10BILLION in order to sell the Red Devils.
They had been trying to sell the club since November, but despite long negotiations with potential buyers Sheikh Jassim and Sir Jim Ratcliffe neither have met their valuation.
Qatar’s Sheikh Jassim has been in negotiations to buy Man United[/caption]
PASir Jim Ratcliffe has also been trying to purchase the club[/caption]
According to the Daily Mail this has led to the long-loathed owners taking the club off the market in hopes of a future sale instead.
It is said they will be looking to re-list United for sale in 2025 when they anticipate that “environmental and financial factors may attract more bidders”.
There has been long-standing issues between the American owners and the Man United fanbase who haven’t seen eye-to-eye over the course of their 18-year ownership.
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Fans of the Manchester giants held a sit-in protest a couple weeks a go in the hopes of forcing through a sale.
It is just one of many protests that fans have staged in order to put pressure on the Glazers to leave the club alone.
Ex-Man United legend Gary Neville has also weighed in on the ongoing saga and has slammed the Glazer family for their approach to the sale.
PAGary Neville has spoken out about the messy situation[/caption]
On X (Formerly Twitter), he wrote: “I don’t believe the Glazers not selling/doing anything story. They have to do something.
“They’ve run out of money and the financial situation is desperate. They need investment in. They’re also having a toxic impact on the club from the inside out.
“The negligence continues for now but I don’t think it can go on without some action on raising funds. Also who would come in as a minority alongside them with the damage it would do to their reputation”
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