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

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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ang on there!! We've only just won the second in a row. Don't we have to win three, like Brazil, to get to keep the Cup permanently at our stadium? ;-)

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ypical Bodgers, in desperate need of a defensive midfielder and go for a floaty number 10 type midfielder. BODGERS OUT.

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enteke is an absolute steal for £32.5m, he would get into any team in the world (except Barcelona) at the moment. I've seen many very good strikers in my 30+ years as a Villa fan. This guy is the best without question.

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