Manchester United To Be Taken Off Sale: Report

Manchester United PLC MANU owners, the Glazer family, reportedly will take the club off the market as it failed to get offers that matched the offer price.

As of last close, on Sept. 1, 2023, the Premier League team was valued at $3.9 billion, according to Bloomberg.

As per a report in the Mail on Sunday, a source with close ties with the Glazers said the family might put the club for sale again in 2025, considering the current economic backdrop.

Bloomberg reported that a spokesperson for MANU declined to comment on "rumors and speculation."

INEOS head Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani have reportedly made offers for the famous football club. 

Also ReadFrom Football To Futbol: Tom Brady Buys Stake In This Team, Joining List Of Celebrities, Athletes With Pro Sports Ownership

Price Action: MANU shares are trading lower by 16.55% at $19.75 on the last check Tuesday.

Market News and Data brought to you by Benzinga APIs
Posted In: EquitiesM&ANewsMarketsMediaGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...