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Manchester United stock price latest as Sir Jim Ratcliffe edges towards investment

manchestereveningnews.co.uk

Manchester United's stock price showed signs of stabilising on Tuesday but finished at a loss as the New York Stock Exchange closed trading.

The Reds' shares dropped dramatically over the weekend after Qatari banker Sheikh Jassim bin Hamad Al-Thani announced he was withdrawing from the process.

He claimed the Glazers' high valuation led to him not continuing with the takeover. News of Sheikh Jassim dropping out led to panic in the markets and the price of the club's shares had dropped by more than 10 per cent when trading ended on Monday.

This was seen as the Stock Exchange reacting disappointingly to the prospect of the Glazers remaining at the club and a full sale not coming to fruition. READ MORE: What share price slump means for takeover READ MORE: The behind-the-scenes problem Ratcliffe and United must avoid Instead, the door is now open for Sir Jim Ratcliffe to acquire a minority 25 per cent stake in the club.

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