Manchester United Football Club suffered its biggest share price drop this week after rumours that the business was no longer for sale began circulating – with more than £600 million wiped off their market value.Yikes.
After a number of reports over the weekend suggested that the much-maligned Glazer family are now set to take the club off the market after months of takeover talk that now looks to have stalled, Man United‘s share price closed at $23.66 on Friday and dropped to as low as $18.83 on Tuesday.
With the final figure on 5 September closing at $19.35, this was the biggest dip the club has ever seen (18.22%) in a single day since it became a publicly traded company back in 2012, breaking the previous record of a 13.8% drop set just a few years back on March 12, 2020, during the pandemic.
Speaking to Sky Sports, football finance expert Kieran Maguire explained exactly how the share price plummeted, stating that a lot of the club’s market value prior to the drop was actually being “propped up to a degree by speculators who thought there would be a full sale”.
As Maguire goes on to detail, many of those invested in the club would have been hoping to sell off their shares Man United shares for “between $27-30” once a potential buyout was complete but since there has been little movement on the long drawn out takeover, many simply decided to offload them now.
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The Price of Football podcast host also argued that the Glazers’ supposed second thoughts over selling United might have come not only from their two lead bidders — Sheikh Jassim and Sir Jim Ratcliffe — failing to meet their valuation but from seeing others like Barcelona just “selling off slices” of their club.
He also added that there is a confident assumption that TV rights deals will increase next year as they so often do and that new technologies like AI and VR could allow for “new ways to deliver content to Man United’s global fan base”.
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While we’re on the subject of digital technologies, these reports come in light of the suggestion the club’s media team and hierarchy are already editing out ‘Glazers Out‘ chants and their numerous offensive lyrics.
Are Manchester United editing out the Glazer protest chants from their footage?
Various times when ‘we want Glazers out’ has mysteriously disappeared on United’s social media.
United issued a statement updating fans on the ongoing Antony situation on Wednesday 6 September, confirming that they are now looking into the matter alongside the investigation being carried out by Greater Manchester Police and Brazilian authorities, adding that they will be making “no further comments”.
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Despite insisting that they are considering the impact these claims will have on “survivors of abuse”, it is now being reported that the club have so far “resisted calls from domestic abuse charities” to suspend the 23-year-old.
Cult US sustainable clothing brand Reformation to open in Manchester city centre
Emily Sergeant
Cult US sustainable clothing brand Reformation is set to open its doors in Manchester very soon.
Since it was first founded in Los Angeles all the way back in 2009, Reformation has gone on to become one of the largest sustainable womenswear brands on the planet, and is now known and loved for making beautiful, timeless apparel and accessories that aim to ‘inspire confidence’ across life stages and occasions.
Operating on a business model that pairs a smart approach to merchandising with a responsive supply chain, Reformation now operates more than 70 retail stores across the US, UK, Canada, and France.
At the heart of the Reformation story is a genuine commitment to ‘doing things differently’.
Since day one, sustainability has been woven into everything the brand makes – from the eco-certified fabrics and responsible factories, to its famously transparent sustainability reports.
Currently, Reformation has five UK stores to its name – but, it may come as no surprise to fans of the brand that they’re all in London.
That’s why the news of this new Manchester opening is such a big deal.
Set to be the label’s first UK store outside of the capital, Reformation has secured a prime spot on King Street in the heart of the city centre, and although there’s no confirmed opening date as of yet, if the shop windows saying ‘Summer 2026’ are anything to go by, we can only imagine it’ll be very soon.
“For Manchester, it’s a landmark moment, and for King Street, it’s the latest signal that this is one of the UK’s most exciting retail destinations,” a spokesperson for King Street said in a statement.
Stay tuned for details on opening dates to be announced in due course.
Featured Image – The Manc Group
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Andy Burnham to begin rolling out new ‘everyday fixes’ for Brits amid cost of living crisis
Emily Sergeant
A series of ‘everyday fixes’ to help combat the rising cost of living crisis are soon to be rolled out nationwide.
Kicking off with two measures today, new Prime Minister Andy Burnham has announced that he plans to ban retailers from making ‘misleading’ claims to customers about discounts.
The Government says shoppers have ‘increasingly complained’ about outlets artificially inflating prices to give a false sense of value, such as increasing prices only to then immediately advertise ‘discounts’ to make savings look larger than they really are, which goes on to create an uneven playing field for honest competitors.
The Prime Minister also wants to see an end to so-called ‘subscription traps’, where people find it hard to cancel their subscriptions, and contracts are automatically renewed at a higher cost.
Set to come into force in January 2027 and saving people an average of £14 a month for every unwanted subscription, the changes will mean businesses will need to provide clearer up-front information, regular reminders. and a ‘much easier’ exit to contracts.
Andy Burnham to begin rolling out new ‘everyday fixes’ for Brits amid cost of living crisis / Credit: gov.uk | Piotr Cichosz (via Unsplash)
A new 14-day cooling-off period will also be introduced to let consumers cancel after a trial or long-term contract renews.
Certain charitable memberships, like the ones for cultural and heritage organisations for example, will be excluded from the new subscription rules due to the fact they have a unique role in preserving the nation’s history, landscapes, and cultural collections.
The Prime Minister says he is ‘determined’ to use every chance he gets to restore fairness and take pressure off people.
“I know people are sick and tired of rip-off discounts and subscription traps,” Andy Burnham said. “Westminster has got used to telling people that everyday hassles like this are just part of life, but I don’t think that’s right, especially when the cost of living continues to weigh heavily on so many people’s lives.”
Danny Jones -
6th September 2023 
