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United's shares bounce back

Manchester United's share price in New York bounced back from an early dip in the wake of Sir Alex Ferguson's retirement announcement.

Last Updated: 08/05/13 at 22:21 Post Comment

Sir Alex Ferguson: Stepping down as Manchester United manager

Sir Alex Ferguson: Stepping down as Manchester United manager

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From an opening price of $18.77, the shares fell by as much as 4.5% to under the $18 mark and then revived significantly, closing at $18.44.

That left the shares down 1.76% on the day but still at a higher mark than they were last Friday, when there was no hint that Ferguson was about to call it a day.

More fluctuations are likely until United settle on their replacement for the legendary Scotsman, who has been at the helm at Old Trafford for 26 years, long before the Glazer family became involved as owners.

The IPO prospectus hinted that volatility could be on the way last August, warning success could be dependent on when Ferguson left and who came in to replace him.

Their statement read: "We are highly dependent on members of our management, coaching staff and our players. Any successor to our current manager may not be as successful as our current manager."

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t's a bloody good goal, though. Sh!t, the kid's gonna be the worlds best before we know it, isn't he? He's got the touch of genius in him. Like Neymar, but with muscles and stuff. He's doing a Ronaldo as we watch. He's bulked up to be able to ride the tackles, but he's improved technically as well. His touch is sublime. Bugger.

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hhh, Jose arguing with another managers wife, clearest sign yet that we are going mental during the close season. I am rocking back and forth on my haunches.

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Jose hits back at Rafa's wife

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t's only a matter of time before one of them throws in a yo mamma

lee
Jose hits back at Rafa's wife

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