# Manchester United tanks on report Glazers may avoid sale with new investment
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-18
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: Manchester United PLC shares tumble on Glazer family's
Meta Description: Latest report suggests Glazer family is set to secure an investment to maintain control of Manchester United and potentially double club's value in the
URL: https://financedigest.com/manchester-united-tanks-on-report-glazers-may-avoid-sale-with-new-investmenthtml

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# Manchester United tanks on report Glazers may avoid sale with new investment

(Reuters) – Shares of Manchester United PLC fell 13% on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.

The family also expects the investment to help them double the value of the club over the next 10 years, ESPN reported, citing a source.

## Manchester United declined to comment.

The English soccer club’s stock fell to $18.91, its lowest since late November, when the Glazers had started weighing options including new investment or a potential sale for the 20-time English champions that they bought 17 years ago for 790 million pounds ($977.31 million).

![](https://www.globalbankingandfinance.com/wp-content/uploads/2023/04/Pasted-image-1681747526979.jpg)

A small portion of the club’s [shares is listed on the New York Stock](https://www.financedigest.com/oil-stocks-thrust-london-shares-to-positive-2023-start.html "Oil stocks thrust London shares to positive 2023 start") Exchange. The market [capitalization was about $3.6 billion as of Friday’s close](https://www.financedigest.com/galois-capital-flagship-fund-to-close-after-ftx-losses.html "Galois Capital flagship fund to close after FTX losses").

[Sky News reported](https://www.financedigest.com/australias-macquarie-explores-6-billion-deal-for-britains-mg-sky-news-reports.html "Australia’s Macquarie explores  billion deal for Britain’s M&G, Sky News reports") on Saturday that U.S. [private equity firm Carlyle Group Inc was in talks about a “major” investment](https://www.financedigest.com/procurementin-european-private-equity-investment-adding-value-to-the-boardroom.html "Procurement in European private equity investment – adding value to the boardroom.") as the auction of the Premier League soccer club entered its final stages.

In March, Reuters [reported that the son of former Qatar Prime Minister Jassim bin Jabr Al Thani had submitted an improved bid](https://www.financedigest.com/tim-shares-slide-as-reported-grid-bids-disappoint.html "TIM shares slide as reported grid bids disappoint") to buy the club. The founder of chemicals producer INEOS put in a bid for the club in February.

Any [sale of the club would likely exceed the biggest sports deal so far – the $5.2 billion including debt](https://www.financedigest.com/european-junk-debt-sales-spring-back-to-life-as-sentiment-improves.html "European junk debt sales spring back to life as sentiment improves") and investments paid for Chelsea – sources had told Reuters previously.

($1 = 0.8083 pounds)

(Reporting by Akash Sriram in Bengaluru; Editing by Devika Syamnath)


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