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.
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”.
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.
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”.
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.
Sir David Jason set for TV return in Only Fools and Horses documentary Christmas special
In a surprise bit of festive news, the only and only Sir David Jason is returning for an Only Fools and Horses Christmas special this December. Lovely jubbly!
The best-loved and most-watched British comedy of all time will be back on our screens in documentary form this festive season, with Del Boy himself David Jason revisiting the iconic comedy character after 20 years he last played him on screen.
While the legendary sitcom was broadcast on BBC back in the day, the highly-anticipated Only Fools doc will be airing on Channel 5 right before Christmas as a special one-off programme.
Looking back on the show’s incredible run on UK screens over seven series and the several ‘Christmas Cracker’ specials, specifically, the latest Only Fools and Horses documentary will see Jason and a number of other guests appearing to chat about the legendary show.
While it’s still unclear how many of the original cast will be appearing, Jason’s on-screen wife Tessa Peake-Jones (Raquel) is confirmed to be appearing along with other special guests including newscaster Krishnan Guru-Murthy and Bendiorm‘s Sherrie Hewson.
Sadly, a full theatrical reunion just isn’t on the cards following the deaths of Roger Lloyd Pack (Trigger), Kenneth MacDonald (Mike the Landlord) and Buster Merryfield (Uncle Albert) in the 30 years since the show ended its run.
Only Fools writer John Sullivan also sadly passed away aged 64 in 2011 and fellow co-star Nicholas Lyndhurst, a.k.a. Rodney Trotter, told Metro: “We can’t. John is no longer with us. John was the driving force of the show and we have also lost quite a few cast members now.
“I don’t think I could do it without them and I certainly couldn’t do it without John. At the risk of depressing everyone, I think the last two times I’ve seen David has been at funerals.”
Simply entitled, ‘The Story Of Only Fools And Horses At Christmas’, the 90-minute special is yet to have its broadcast date fully confirmed but you best keep your eyes peeled on the TV guide — we’ll let you know as soon we do.
Jason, 81, has only just recovered from hip surgery earlier this year, so it’ll be nice to see his familiar grin back on our screens.
Right, we’re off to binge a whole series on UK Gold.
Habas restaurant in Manchester announces shock closure – with huge closing-down discount
Habas, the Middle Eastern restaurant launched by the team behind El Gato Negro, has announced its shock closure.
The subterranean restaurant will be going out with a bang though, promising one last knees-up with a big discount.
Habas will be doing 25% off its entire food and drink menu this New Year’s Eve so that fans of the eatery can raise a glass to the Manchester restaurant.
They’re also hoping that Mancs will raise a glass to new beginnings, teasing a brand new concept.
Habas is located at Brown Street in Manchester city centre and has been serving up its Middle Eastern menu since 2021.
It comes from Mills Hill Developments Limited, the company also responsible for El Gato Negro and Canto, fronted by celebrated chef Simon Shaw.
Habas has stressed that its closure ‘is not forever’ as it announces details of its New Year’s Eve closing down party.
You can ring in the new year with a selection of mezze dishes, sharing platters and small plates, feasting on chicken tagine and traditional tzatziki, all 25% off on Sunday 31 December.
Drinks, too, like the cranberry elderflower martini, blackberry ginger smash and clementine daquiri will be with 25% off.
Simon Shaw, Chef Parton at Mills Hill Developments Limited, said: “As of January 2024, we have made the decision to close the doors of Habas Bar & Restaurant, however we are thrilled to announce that our Brown Street venue has an exciting new concept on the way.
“Throughout December, Habas, will continue serving up the city’s best middle-eastern cuisine, so make sure you pop in and see us. AND on New Year’s Eve, Habas, will be hosting an unforgettable celebration with 25% off food and drinks. We want to rejoice with all of our customers, with one final hurrah!
“We would like to thank all of our guests and reassure Habas fans that this is not the end of Habas Bar & Restaurant forever, simply a farewell from Brown Street for now.
“We look forward to welcoming you to our new exciting concept in Q1 of 2024.”