Manchester United shares ‘tank’ to lowest levels in months amid warning Glazers could stay

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Manchester United shares have crashed to the lowest levels in months amid warnings the Glazers could stay.

ESPN reported Joel and Avram Glazer are still keen to stay on as owners. The report states the rest of the Glazer family could sell their shares to new investors.

The report states that the duo “favour new investment that will enable them to remain in charge at Old Trafford.”

The takeover process remains ongoing. Bidders have a new third deadline to meet by the end of April.

Manchester United share price falls

The reports that the Glazers could stay put has had a very negative impact on the club’s share price.

Reuters reports that the share price ‘tanks’ by 13 per cent in direct relation to the reports the Glazer duo could remain as owners.

The report states: “The English soccer club’s stock fell to $18.91, its lowest since late November.”

November was the month news emerged that the Glazers were set to invite bids to buy or invest in the club.

There appear to be a variety of options available to the Glazers, including selling the club outright to Sir Jim Ratcliffe or Sheikh Jassim.

The alternative is to accept minority investment from a variety of US firms which have expressed interest, most recently the Carlyle Group.

ESPN report the Glazers would hope outside investment would allow them to double the club’s value.

However, the way the markets have reacted to the suggestion they could stay, suggests this could be an impossible task.

Don’t panic yet

This report could simply be a strategy to squeeze every penny out of majority bidders Sir Jim Ratcliffe or Sheikh Jassim.

It has been deliberate on the Glazers’ part to keep everybody guessing as to their intentions. This may simply be part of the game they are playing.

Manchester United fan group The 1958 are plotting a major protest for the next home game in April against Aston Villa.

Any firm partnering with the Glazers’ risks reputational damage by association with the Glazer family, become public enemy number one for millions of Manchester United fans worldwide.