Reply To: Traders Market Weekly: Impact of Global Risk Off Deleveraging


Manchester United (MANU $19.63-4.03 (-17.03%): bidders failed to reach asking price, according to Daily Mail

Manchester United (NYSE:MANU) dropped 17% amid a report that the Glazer family will take the famed soccer club off the market after failing to get the price they wanted.

The Glazers will take the soccer team off the market and try to sell the club again in 2025, when they hope they will attract more bidders, according to a Daily Mail report on Sunday, which cited an unidentified source.

The latest update counters a report late last month that a £6 billion sale to Qatar’s Sheikh Jassim may be announced as early as this month. Sheikh Jassim’s team is completing its due diligence on the famed soccer club, The Sun reported last month.

There was a report last month that the Qatari buyer appeared concerned that Glazers wouldn’t sell the famed soccer club. Qatari Sheiki is still awaiting a response from the Glazer family to his bid, and there is “real concern” that the Glazers may not sell the Premier League club.