Man Utd's share price have dropped markedly on the New York Stock Exchange after Sheikh Jassim withdrew his offer to purchase the club.
Manchester United's share price on the New York Stock Exchange has fallen on the first day of trading since Sheikh Jassim withdrew from the race to purchase the Premier League giants.
Qatari banker Sheikh Jassim is no longer in contention to become the new owner - after what was a whirlwind 24 hours or so - leaving the door ajar for Sir Jim to press forward with his plans to invest and step into the boardroom. But there is still further red tape to get through.ALSO READ: What takeover decision means for United budget
Sheikh Jassim had proposed a 100 per cent takeover before retracting his interest. It is understood he had bid over £5billion with the Glazer family thought to be holding out for closer to £6billion. Bloomberg indicated shares had dropped by 22 per cent in pre-market trading. They were valued at $19.74 towards the closing bell on Friday afternoon, before standing at $17.58 per share. Shares then increased to $18.17 by the time traders got down to business this afternoon.
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