Shares of Manchester United fell to a record low on rumors about the cancellation of the sale of the club – Kommersant

Shares in the holding company Manchester United PLC (MU), which owns the Premier League club of the same name, fell in price by 20% after the release in the media of information that the sale of the club may be canceled or postponed until 2025. The previous record drop in MU shares was recorded in March 2020, when it became known that Britain was imposing tight restrictions due to the coronavirus pandemic.

Last weekend, the British newspaper Mail on Sunday, citing its sources wrotethat the club’s current owners, the American Glazer family, could cancel or delay the sale of Manchester United until 2025, hoping for “more favorable market conditions”. It is reported that such a decision was made because the Glazers did not receive purchase offers from applicants that would suit them.

The Mail on Sunday notes that the Glazers, exhibited club for sale last year, ready to part with him for £10 billion, but no one offered them such an amount. At the beginning of this year, British experts assumed that the club was worth about £5 billion. Today, after a 20% drop in share prices, Manchester United PLC’s market capitalization fell by $700 million to $3.9 billion. Among the contenders for the purchase were two main ones – British billionaire Jim Ratcliffe’s Ineos and a consortium led by Qatari entrepreneur Jasim bin Hamad Al Thani.

Evgeniy Khvostik