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Why Manchester United Stock Is Falling Today

Why Manchester United Stock Is Falling Today

The family that controls Manchester United (NYSE: MANU) is reportedly leaning toward bringing in a minority investor, and not selling out of the famed British soccer club. Investors hoping to cash in on a premium valuation are disappointed, sending shares of Man U down as much as 14% on Monday morning. Manchester United is perhaps one of the best-known sports brands globally, and trophy assets like the club do not come on the market all that often.