Manchester United's stock suffered a record beating Tuesday, after a report that the U.K.-based football club was set to be taken off the market.
The U.S.-listed shares of Manchester United PLC were suffering a record beating Tuesday, after a report that the iconic U.K.-based football club was set to be taken off the market.
The American Glazer family, which took control of Manchester United in 2005, had said in November 2022 that a sale of the club was being explored. Over the Labor Day weekend, Mail Online reported that the Glazer were set to take the club off the market. It had been believed that a sale of the club was close, as MarketWatch learned in early-June that Qatar’s Sheikh Jassim submitted his fifth and final bid to buy 100% of the club, the reports indicating the bid was no more than $7.5 billion.
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