News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
21
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
22
o
North
27
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Comedy Plays
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
21
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
22
o
North
27
o
South
26
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Manchester United shares collapse on NYSE after rumor to stop club sale
Sports News
06-09-2023 | 04:10
High views
Share
Share
2
min
Manchester United shares collapse on NYSE after rumor to stop club sale
The value of English club Manchester United on the New York Stock Exchange (NYSE) dropped by over $700 million on Tuesday following a British media report that indicated the owners had halted plans to sell the club.
The "Daily Mail" newspaper reported on Sunday that the owners of United, the Glazer family, had withdrawn the club from the market after failing to attract an offer that met the desired price.
This announcement led to an 18.22% decrease in the group's market capitalization in a single day, marking the largest drop in a single session since the club went public in 2012.
According to the British press, the two main bidders for the club, British billionaire Jim Ratcliffe, who founded the giant chemicals company Ineos, and Qatari banker Sheikh Jassem bin Hamad Al Thani, submitted offers valuing United at around £5 billion, or approximately $6.3 billion.
The Glazer family owns approximately two-thirds of the club's capital but almost all of the voting rights.
Currently, Manchester United's market value stands at $3.15 billion, which is less than half of the desired price of $7.5 billion set by the Glazer family for the club.
The football news website "90 Minutes" noted that discussions are ongoing with the aim of selling the club, citing anonymous sources close to the Glazer family and potential buyers.
The club, nicknamed the "Red Devils," was gradually purchased between 2003 and 2005 by American businessman Malcolm Glazer, who transferred his shares to his six children upon his death in 2014.
The owners announced in November 2022 that they were considering selling stakes in the three-time European champions.
The Glazers are not particularly popular with Manchester United fans, who accuse the family of burdening the club with debt during their ownership and failing to invest enough to keep the club competitive.
AFP
Sports News
Manchester United
Club
Shares
Collapse
NYSE
Rumor
Sale
Football
Next
Germany's Mueller to leave Bayern Munich after 25 years
Recommended For You
d-none hideMe
0
Sports News
2025-08-22
2026 World Cup draw to be held in Washington on December 5, Trump says
Sports News
2025-08-22
2026 World Cup draw to be held in Washington on December 5, Trump says
0
Sports News
2025-08-14
Lebanon eliminated from FIBA Asia Cup after narrow loss to New Zealand
Sports News
2025-08-14
Lebanon eliminated from FIBA Asia Cup after narrow loss to New Zealand
0
Sports News
2025-08-12
Lebanon secures win against Japan 97-73 in FIBA Asia Cup 2025
Sports News
2025-08-12
Lebanon secures win against Japan 97-73 in FIBA Asia Cup 2025
0
Sports News
2025-08-08
Australia defeats Lebanon 93-80 in FIBA Asia Cup, Lebanon to face South Korea on Sunday
Sports News
2025-08-08
Australia defeats Lebanon 93-80 in FIBA Asia Cup, Lebanon to face South Korea on Sunday
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
News Bulletin Reports
13:00
Israel-Syria security talks continue amid skepticism and stalled progress — the details
News Bulletin Reports
13:00
Israel-Syria security talks continue amid skepticism and stalled progress — the details
0
News Bulletin Reports
2025-08-18
Kidnapping claims go viral: ISF reveals facts on Lebanon's missing girls cases
News Bulletin Reports
2025-08-18
Kidnapping claims go viral: ISF reveals facts on Lebanon's missing girls cases
0
News Bulletin Reports
13:05
One year since pager explosions, survivors confront long-term impact in Lebanon
News Bulletin Reports
13:05
One year since pager explosions, survivors confront long-term impact in Lebanon
0
Middle East News
2025-08-12
Jordan's Safadi meets Syria's Shaibani in Amman ahead of their meeting with US envoy
Middle East News
2025-08-12
Jordan's Safadi meets Syria's Shaibani in Amman ahead of their meeting with US envoy
Videos
d-none hideMe
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
0
Lebanon News
2025-08-31
LBCI correspondent reports from Nabatieh as residents clear rubble after Israeli strikes
Lebanon News
2025-08-31
LBCI correspondent reports from Nabatieh as residents clear rubble after Israeli strikes
0
Lebanon News
2025-08-29
Unprecedented step: Lebanon funds kidney transplants for all qualified patients
Lebanon News
2025-08-29
Unprecedented step: Lebanon funds kidney transplants for all qualified patients
0
Lebanon News
2025-08-28
US envoy Barrack clarifies ‘animalistic’ comment, says media ‘just doing their job’
Lebanon News
2025-08-28
US envoy Barrack clarifies ‘animalistic’ comment, says media ‘just doing their job’
0
Lebanon News
2025-08-26
US congressional delegation in Beirut discusses disarmament of Hezbollah, LAF support, Israeli perspective
Lebanon News
2025-08-26
US congressional delegation in Beirut discusses disarmament of Hezbollah, LAF support, Israeli perspective
0
News Bulletin Reports
2025-08-23
40 years of LBCI: A look back at its milestones
News Bulletin Reports
2025-08-23
40 years of LBCI: A look back at its milestones
0
Lebanon News
2025-08-17
President Aoun: Hezbollah's weapons are an internal matter, US proposal is now a Lebanese paper
Lebanon News
2025-08-17
President Aoun: Hezbollah's weapons are an internal matter, US proposal is now a Lebanese paper
0
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
09:51
Israeli army warns residents in three South Lebanon towns to evacuate immediately
Lebanon News
09:51
Israeli army warns residents in three South Lebanon towns to evacuate immediately
2
Lebanon News
02:46
Lebanese journalist and actress Yumna Sherry dies at 55 in Canada
Lebanon News
02:46
Lebanese journalist and actress Yumna Sherry dies at 55 in Canada
3
Lebanon News
11:47
Urgent: Israeli army tells residents in Tayr Zibna (Chehabiyeh) and Borj Qalaouiye to evacuate
Lebanon News
11:47
Urgent: Israeli army tells residents in Tayr Zibna (Chehabiyeh) and Borj Qalaouiye to evacuate
4
Lebanon News
07:57
Lebanon’s new authorities slow to act amid rising assaults on UN forces, says Samir Geagea
Lebanon News
07:57
Lebanon’s new authorities slow to act amid rising assaults on UN forces, says Samir Geagea
5
Lebanon News
10:23
Heavy displacement in southern Lebanon after Israeli evacuation warnings (Video)
Lebanon News
10:23
Heavy displacement in southern Lebanon after Israeli evacuation warnings (Video)
6
Lebanon News
10:33
Lebanon’s PM urges Israel to halt attacks following evacuation warnings
Lebanon News
10:33
Lebanon’s PM urges Israel to halt attacks following evacuation warnings
7
Lebanon News
04:34
Justice Minister Adel Nassar oversees Lebanon-Bulgaria coordination on Rhosus ship owner extradition
Lebanon News
04:34
Justice Minister Adel Nassar oversees Lebanon-Bulgaria coordination on Rhosus ship owner extradition
8
Lebanon News
10:54
Israeli army says conducting strikes in Lebanon’s south
Lebanon News
10:54
Israeli army says conducting strikes in Lebanon’s south
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More