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Why Manchester United Stock Is Down Big Today

Lou Whiteman, The Motley Fool
·2-min read
Why Manchester United Stock Is Down Big Today

Manchester United (NYSE: MANU) reportedly got taken off the market because its controlling shareholders failed to receive their target valuation from bidding companies. Few sports brands resonate globally the way Manchester United does, but it can be hard to put a precise value on that popularity. Last November the Glazer family, which controls the New York Stock Exchange-listed company behind the team, hired bankers to explore options for Manchester United.

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