London Daily

Focus on the big picture.
Saturday, May 31, 2025

Manchester United shares tumble following report that bidders have fallen short

Manchester United shares tumble following report that bidders have fallen short

Just hours after United secured its first silverware since 2017, US-listed shares take a tumble following a weekend report that suggests the Glazers want bidders to raise their offers.
Shares in Manchester United have fallen by as much as 12% following a report that the club's owners want bidders to raise their offers if the team is to be sold.

A source had told the Financial Times on Saturday that the Glazer family was not happy with the sums on the table following the conclusion of a soft deadline for bids earlier this month.

The Glazer family, who took over the club in 2005 and are widely disliked by fans, announced in November that they would put Manchester United up for sale.

The market open in New York was the first opportunity investors had to register their reaction to the FT's report - and the prospect that any sale might fall through.

The decline took the club's market value to a three-month low at just above $20 a share.

At that level, the club's market value is around $3.77bn (£3.1bn).

The Glazers are believed to be looking for offers around £5bn.

The have received indicative offers from bidders including chemicals firm INEOS, led by long-time fan Sir Jim Ratcliffe, and Qatari Sheikh Jassim bin Hamad al Thani.

A number of other parties are understood to have submitted offers to the Glazers which would not see the family relinquish its majority control.

Investment offers, in return for a share of the business for example, could see the Glazers secure more cash to be able to fund a strengthening of the squad and improve the club's Old Trafford home.

Such a move would, however, not be popular with United's fan base.

There has been widespread anger over the debt the club was saddled with to fund the Glazer's takeover, with fans' groups saying it has hampered the club ever since.

An on-pitch renewal under manager Erik ten Hag enabled United to win its first trophy since 2017, the Carabao Cup, on Sunday.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×