LOOK: Manchester United suffer a record stocks hit
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Unrest: Utd fans want owners out: PIcture credit: Oli Scarff
Manchester United had their swakste day at the stock market on Tuesday, amid uncertainty over takeover talks.
The club’s valuation fell by a record 18.22 percent on the New York Stock Exchange, wiping out £556m - the listing’s biggest single-session drop since 2012.
Since United’s owners, the Glazer family, announced last November that they were open to a sale, the club's two leading suitors British billionaire Jim Ratcliffe and Qatar’s Sheikh Jassim have both offered around £5bn.
🚨 Manchester United statement on Antony: “Man United acknowledges the allegations made against Antony and notes that the Police are conducting enquiries.
— Fabrizio Romano (@FabrizioRomano) September 6, 2023
Pending further information, the club will be making no further comments.
As a club, we are taking this matter seriously,… pic.twitter.com/dy54u8qMRh
However, reports last weekend claimed that the Glazers were keen to take the club off the market as they were looking to hold out for between £7bn and £10bn for the Premier League giants.
But after Tuesday’s market meltdown, the club is only valued at £2.5bn.
To make matters worse, United are feeling the heat after another gender-based violence scandal.
Having booted Mason Greenwood after his case of attempted rape, Brazilian winger Antony is under investigation after claims of assault by his ex-girlfriend Gabriela Cavallin.
With his national team dropping in from their upcoming World Cup qualifiers, United have taken action.
In a club statement released on Tuesday, the club says: “Manchester United acknowledges the allegations made against Antony and notes that the Police are conducting enquiries.”
“Pending further information, the club will be making no further comments.
“As a club, we are taking this matter seriously, with consideration of the impact of these allegations and subsequent reporting will have on survivors of abuse.”