Shares of Manchester United PLC fell 13% on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.
The family also expects the investment to help them double the value of the club over the next 10 years, ESPN reported, citing a source.The English soccer club's stock fell to $18.91, its lowest since late November, when the Glazers started weighing options including new investment or a potential sale for the 20-time English champions that they bought 17 years ago for £790m.
The Glazers are increasingly confident of securing the outside investment that will enable them to remain as Manchester United owners, a source has told ESPN.
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