The American-owned club's share price has fluctuated wildly since news of a potential sale broke last November
Despite the first anniversary of ’s strategic review appearing on the horizon, the potential takeover of the club drags on. Last November, the Glazer family — United’s controversial owners — announced “a process to explore strategic alternatives for the club” which could include a full sale. Advertisement There was a flurry of activity on the New York Stock Exchange, where United’s share price jumped from $13 before the announcement to a high of just over $27 in February.
Advertisement United’s shares fell by a record amount when markets reopened the following Tuesday after the Labor Day weekend, crashing from a previous close of $23.66 to a low of $18.50 before ending at $19.35 — an 18.2 per cent drop overall. As a result, United’s market capitalisation — the total value of the club’s shares — fell by around $700million .
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