Manchester United captain Bruno Fernandes.
Robbie Jay Barratt – AMA/Getty Images
Manchester United’s stock price suffered a record one-day fall on Tuesday.
Shares plummeted 18%, wiping over $800 million off the soccer giant’s market value.
The plunge came after the Mail on Sunday reported the club’s owners were no longer looking to sell.
The stock had plunged 18% by the closing bell, erasing just under $850 million from the soccer giant’s total market capitalization.
That plunge came after the Mail on Sunday reported that the Glazer family would no longer be looking to sell, citing a source with a long-standing connection to the club’s owners.
The UK publication added that the Glazers are holding out for a 10 billion pound ($13 billion) offer for the 20-time English champions, with neither Qatari Sheikh Jassim bin Hamad bin Jassim nor British billionaire Sir Jim Ratcliffe offering close to that amount.
The Glazers bought Manchester United for just $790 million back in 2005 and started trying to sell the club in November 2022.
Sheikh Jassim and Ratcliffe – who is the founder of chemicals giant Ineos and the UK’s richest man – are the only people who’ve made public bids.
In June, the Daily Mail reported that Sheikh Jassim had made a final “take it or leave it” offer that valued United at around $7.5 billion, with Qatari state media signaling his bid was likely to be accepted.
At United’s first home game of the season against Wolverhampton Wanderers last month, the anti-Glazer 1958 Group protested the American family’s failure to accept any offers for the club.
Manchester United did not immediately respond to Insider’s request for comment.