Manchester United share price drops amid Sir Jim Ratcliffe takeover reports
manchestereveningnews.co.ukManchester United’s share price fell by 9.5 per cent on Thursday amid reports that Sir Jim Ratcliffe is the Glazers' preferred takeover bidder.
The stock value on the New York Stock Exchange dropped from $20.30 to $18.37 amid the speculation. The share price has seen a decrease of 19.29 per cent during the calendar year to date, from January 1 (as of Friday morning on May 12).
The Glazers announced that the board was exploring “strategic alternatives for the club” in November with the takeover process commencing.
Bidders have been required to pass a number of stages with fans hoping a decision on the sale of the club could be on the horizon. ALSO READ: Nice manager addresses concerns over Manchester United takeover bid A report from The Sun late on Wednesday evening claimed that the Glazers prefer Ratcliffe’s offer to Sheikh Jassim bin Hamad Al Thani's, with the latter wishing to take over 100 per cent of the club.
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