Man United news

United share price hits new low

September 14, 2012
By Richard Jolly
Manchester United's share price has dropped to $12 - its lowest price yet and giving the club a valuation 40% less than the Glazers had hoped.

Ten per cent of United's shares were put up for sale on the New York Stock Exchange last month with their American owners hoping to achieve a price of $20 each, which would have valued the club at $3.3 billion.

But they only received $14 a share at first, and even that was down to the financial institutions who had underwritten the Initial ...

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