Drop on New York stock exchange comes amid claims Glazer family have taken club off market
Manchester United shares have suffered their steepest single-day fall in price after a report claimed the Glazer family was considering a U-turn on plans to sell the club.
Shares in the Premier League club dropped by 18.2% on Tuesday to $19.35 (£15.40), the biggest daily drop since they were listed the New York stock exchange in 2012.
Continue reading...Manchester United’s board decided to sack Ole Gunnar Solskjær at an emergency meeting on Saturday night and Joel Glazer, the co-chairman who heads the American family’s ownership, has agreed to rubber-stamp the move.
A meeting, which lasted several hours, was called after the team’s chastening 4-1 defeat at Watford. The plan is for an announcement to avoid describing Solskjær as sacked and refer to a mutual agreement. Compensation and other final touches were being attended to after the board completed their discussions.
Continue reading...Manchester United have missed out on a proposed new training kit deal worth £200m over 10 years after the Manchester-based company The Hut Group had concerns about the supporters’ campaign to boycott the club’s commercial partners in protest at the Glazers’ ownership, the Observer understands.
Richard Arnold, United’s group managing director, was told on Friday that THG had pulled out of a contract which was due to start on 1 July.
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