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Manchester Evening News
Manchester Evening News
Sport
Matthew Abbott

BIZARRE: Manchester united share price drops amid takeover wait | Mind Blowing Facts

Manchester United Garnacho

Manchester United shares have dropped a further five per cent as the takeover process continues to idle.

Bidders are still waiting to hear back from the Raine Group, who are overseeing the sale process on behalf of the Glazer family. It is approaching a fortnight since the last bid deadline, which was extended by two days to allow the Sir Jim Ratcliffe-led INEOS Group and the Sheikh Jassim bin Hamad Al Thani-fronted Nine Two Foundation to submit improved offers during the second round of bidding.

United's share price peaked at $25.62 on Wednesday, March 22, the initial deadline day, but has gradually declined since. Raine's previous deadline on Friday, February 17, saw stock hit a high of $26.84 on the penultimate day of bidding.

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