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United value falls


Manchester United have seen the club's value drop by about £137m since their flotation on the New York Stock Exchange just over a month ago.   

The Initial Public Offering was priced at $14 a share, below the $16 - $20 price targeted by the Glazers. However, the share price dropped to a low of $12.59 this week, a 10.1 per cent dip.   This meant that the club was valued at £1.29 billion compared with £1.42 billion on the August 10 launch date.

If the value of the club continues to decline it makes even less likely that the Glazers will sell as they want to recoup what they see as its true value.