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.
No trams to run on three major Greater Manchester lines this Easter bank holiday weekend
Emily Sergeant
People are being urged to ‘plan ahead’ as no trams are set to run on three major Greater Manchester Metrolink lines this weekend.
As part of a continuing £150 million investment in the Metrolink network across the region, Transport for Greater Manchester (TfGM) has announced that more than 1km of track will be replaced on the Altrincham line, and work will also take place between Trafford Bar and Deansgate-Castlefield to prepare for full track replacement later in the year.
As a result, there will be no trams on the Altrincham, Eccles, and Trafford Park lines this Easter bank holiday weekend all day from Friday 3 to Monday 6 April.
On top of these line closures, there is also set to be disruption across other parts of the network too, as on the East Didsbury and Manchester Airport lines, trams will run to Firswood only, and services on the Rochdale line will terminate at Exchange Square.
To keep people moving over the four-day weekend, replacement buses will run between all the affected stops, TfGM has confirmed.
Anyone using a replacement bus, however, will still need a valid Metrolink ticket or a one-day Bee bus ticket to travel, and customers will be able to use all existing options to buy these, as they will not be able to buy a ticket or pay for the fare on the replacement buses themselves.
No trams will be running on three major Greater Manchester lines this Easter bank holiday weekend / Credit: TfGM
Replacement buses are said to be calling at ‘all affected stops’ along the lines, so customers are being told not to worry about that.
Speaking ahead of the improvement works being carried out this weekend, Ian Davies, who is the Network Director for Metrolink at TfGM, said: “The first main upgrades of the year get under way over the Easter weekend, as our £150m programme to improve our network continues.
“We’ll be doing everything we can to minimise disruption to passengers while we carry out this essential work to ensure our tram network remains reliable, resilient and safe for years to come.”
TfGM has assured that staff will be out and on-hand across the network this weekend, but is urging anyone travelling to plan for their journeys ahead of time to make sure they go as smoothly as possible.
Looking ahead to the rest of the month, no trams will run between Piccadilly Gardens and Ashton-under-Lyne on Saturday 11 and Sunday 12 April while the track is repaired, and a further weekend closure for track repairs on the Ashton line will take place on Saturday 25 April and Sunday 26 April.
Find out more and plan ahead on the Bee Network’s dedicated webpage here.
Featured Image – Janus Boye
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Three men arrested after ‘shocking’ Salford pub fight leaves victim in life-threatening condition
Emily Sergeant
Three men have been arrested as police continue to appeal following a ‘shocking’ incident in Salford over the weekend.
Greater Manchester Police (GMP) explained that, at around 2:51am yesterday (Sunday 29 March), officers were called to reports of an assault at a pub on Liverpool Road in Irlam, where it’s understood that an incident involving several males took place.
Police quickly attended the scene, and one male was rushed to hospital.
The man sustained serious injuries and was taken to hospital for treatment, where he’s said to remain in a life-threatening condition.
While officers are working ‘at speed’ on their investigation to establish the full circumstances of this incident, a scene is currently in place, and road closures are affecting the immediate area.
At this time, it has been confirmed that three men – all in their 20s – have been arrested on suspicion of Section 18 assault, and they remain in custody for further questioning while GMP renews its public appeal for information.
“This is a shocking incident and our thoughts are firmly with the victim and his family during this extremely difficult time,” commented Detective Chief Inspector Helen Bagnall, from GMP’s Salford district. “We are working at pace and remain absolutely committed to identifying everyone involved and bringing those responsible to justice.
“Three arrests have been made in connection with this incident, and we are continuing to appeal for further information.
“Officers remain committed to understand the full circumstances and are urging anyone with information to come forward to support our investigation.”
Can you help? A dedicated online Major Incident Public Portal has been set up, and information, CCTV, dashcam, doorbell, and phone images and footage can be submitted here, or you can also contact police on 101, quoting log 256 of 29/03/26.
Alternatively, you can contact Crimestoppers, anonymously, on 0800 555 111.
Danny Jones -
6th September 2023 
