How Man Utd's stock price fell by record amount

It has been a pretty disastrous weekend for Manchester United. An agonising late defeat away at Arsenal, Jadon Sancho's angry social media response to Erik ten Hag and Antony's omission from the Brazil national team squad after allegations of domestic abuse.

To take things from bad to worse, United's stock price plummeted on 5 September amid continued uncertainty over the club's future. A summer that promised a takeover at Old Trafford has underwhelmed supporters with the unanimously hated Glazers having not left the club.

Despite bids coming in, the Glazers refused to part ways, with reports now suggesting United have been taken off the market altogether.

All of this has led to a massive decrease in United's share prices, with Tuesday marking the worst day in the club's 11 years as a public company.

Why did the Glazers not sell this summer?

United fans were widely hopeful the Glazers would finally part ways with the club this summer after 20 years in charge at Old Trafford.

Bids from Qatari billionaire Sheikh Jassim and English businessman Jim Ratcliffe had arrived over the course of a long and drawn-out takeover process. However, neither bid was accepted by the Glazers as their £6bn valuation was not met by either party.

Much to the frustration of supporters, the Glazers are still at the club despite putting United on the market in November 2022, and there is a growing fear among the faNBAse that the much-hated owners will stick around after all.

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Will the Glazers sell Manchester United?

Despite ten months of uncertainty, recent reports have suggested the Glazers have decided to take Manchester United off the market, instead opting to wait until 2025 before looking to sell.

This is because the owners feel there will be more attractive proposals to come in a few years' time, with the Glazers reportedly now valuing United at closer to a staggering £7bn to £10bn.

However, 90min understands United and the Raine Group - the investment bank overseeing the club's sale - are still discussing a potential takeover having initially planned for it all to be completed by November 2023.

As a result of these recent reports, United's share prices have plummeted dramatically and there is likely to be more fan-led protests and discontent when Premier League Football returns after the international break.

How much has Manchester United's share price fallen?

Reports of the Glazers coming United off the market meant the club's market cap fell by an extraordinary £600m, leaving the Red Devils' overall value at £3.3bn.

Shares fell by 21% in what proved to be the largest one day percentage decrease the club has ever recorded.

However, former Man Utd defender turned pundit Gary Neville believes the Glazers will still sell the club sooner rather than later.

Speaking on Sky Sports, he said: "It's just a game for them. They think it's a toy. Of course they're going to sell, they're desperate for money. They can't even compete on FFP [Financial Fair Play] any more. Manchester United are talking like they're a mid-table club when it comes to the transfer market."

United supporters will be hoping Neville is correct in his assessment of the situation, however things continue to look increasingly uncertain in the boardroom.

LISTEN NOW TO 90MIN'S MAN UTD PODCAST: THE PROMISED LAND

On this edition of The Promised Land, part of the 90min podcast network, Scott Saunders and Rob Blanchette discuss discuss Man Utd's summer transfer Business, including the signings of Sergio Reguilon and Sofyan Amrabat on deadline day.

If you can't see this embed, click here to listen to the podcast!