Man United's price on the New York Stock Exchange PLUMMETS by more than £600m as the Glazer family prepare to take club OFF the market

Manchester United‘s stock market value fell by more than £600m or 16 per cent on Tuesday in light of Mail Sport’s exclusive story that the Glazers have taken the club off the market.

Mail Sport revealed on Sunday that the Glazers were not happy with the bids they had received for the Old Trafford club during a protracted negotiating period so have decided to pause the sale process in the hope of getting a higher bid down the line.

As such, the stock market value of the club fell from £3bn to £2.4bn on Tuesday on the New York Stock Exchange, the first day of trading since the revelation as Monday was Labor Day in the States, a Bank Holiday.

It is the club’s steepest one day percentage fall on record.

News that the Glazers are preparing to take Man United off the market has hurt share prices

On Tuesday Man United’s price dropped by more than £600million in a record one-day fall

The family made it known last year that they were open to offers for either all of the club, or a partial sale that left them with a stake.

Only Sheikh Jassim of Qatar and British entrepreneur Sir Jim Ratcliffe emerged as serious bidders but did not meet the valuation of the Glazers.

The Glazers now believe they will drive a better price in 2025 when they hope the expansion of FIFA’s Club World Cup to 32 teams and the 2026 World Cup in the USA will have elevated interest in America, the home of most of the recent billionaires who have invested in the Premier League. The Glazers want to sell for around £7bn to £10bn.

News that the Glazers are planning to take United off the market has been savaged by former Man United defender Gary Neville.

A furious Neville again ripped into United‘s controversial ownership and accused the Glazer family of treating the club like a ‘toy’.

Neville, who has been particularly outspoken over United’s gradual drift in recent years, issued a fresh attack on the Glazers after the 3-1 defeat by Arsenal.

He is, however, holding onto the belief that they will ultimately sell up and let the club move on.

Gary Neville has criticised the running of the club and says the Glazers treat it like a ‘toy’

Fans have protested against the unpopular owners regularly and move is sure to provoke fury

‘It’s just a game for them, they think it’s a toy!’ Neville raged on the latest edition of his Sky podcast.

‘Of course they’re going to sell. They’re desperate for money.

‘They can’t even compete on FFP [Financial Fair Play] anymore. Man Utd are talking like a mid-table club when it comes to the transfer market. Man Utd turn over £500million, one of the highest revenue generating clubs in the world.

‘Chelsea, Arsenal can sign big players, Man Utd are scrambling around on FFP. I know they’ve had losses on Covid and that could be thrown as an excuse.

‘Today was a fantastic game but it won’t change the fact that they’ve got owners of one of the biggest clubs in the world who are messing around with the football club and I’m not going to stop talking about it because it’s a massive problem.’