The group's market capitalisation fell by 18.22% in one day, an over $700 million drop, following its owners reportedly taking it off the market after failing to attract an offer that met their asking price.
NEW YORK, United States - Manchester United's valuation on the New York Stock Exchange plummeted by more than $700 million Tuesday after a British media report that the team's owners had halted plans to sell the club.
On Tuesday, the group's market capitalisation fell by 18.22% in one day - the listing's biggest single-session drop since its 2012 IPO. Football website 90min indicated that discussions are still continuing with an aim of selling the club, citing anonymous sources close to the Glazers and potential buyers.
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