Man United's share price has often been seen as an indicator to the likelihood of a takeover being completed imminently or not
Manchester United's share price tumbled on Monday as the New York Stock Exchange reacted to Sheikh Jassim bin Hamad Al-Thani withdrawing from the takeover process.
Now the door seems to have been left wide open for Sir Jim Ratcliffe to acquire a minority stake in the club. The INEOS founder is understood to be aiming to take on 25 per cent of the Reds in a deal which will allow the Glazers to remain at the club.READ MORE: What takeover news could mean for Old Trafford plan
A spokesperson in their football finance sector explained: "Man United's share price on the New York Stock Exchange has fallen significantly during the time between trading closed on Friday to pre-market trading this morning from $20.20 to $15.53 - a 23 per cent decrease. "This market movement also means Ratcliffe or another suitor has an opportunity to purchase the club at a lower fee." Meanwhile, speaking to Reuters, AJ Bell investment director Russ Mould believes the share price slump is an indication of disappointment.
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