Sir Jim Ratcliffe is on the verge of buying 25 percent of United, with his offer estimated at around £1.3billion. Despite the prospect of Ratcliffe now purchasing a minority stake in United, the club's share price dropped by up to 22 percent in pre-market trading on the New York Stock Exchange, before paring losses. With Ratcliffe's bid valuing United at over £5billion, that would therefore mean the club's shares would be worth around double the $20 (£16.46) they were last week. However, it seems as though the negative reaction to news that the Glazers are set to remain in charge has been reflected in the share price. "We call upon all parties to put Man United interests before their own interests.

Source: Metro October 16, 2023 15:49 UTC