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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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I

m not sure about this distance covered malarky, plus that stat comes with *since February attached to it, that's just 1 month. I mean I have 27 open cases I'm 'working on' at the moment but believe me others with 10 cases work harder than I do. I just got back from a pub lunch, scampi and chips (+4 pints) in case you were wondering.

hurler
Wenger defends Ozil

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isse should have appealed and explained that it was just a retaliation, just like Matic did. Apparently the FA are ok with retaliation.

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Cisse accepts FA charge

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ove this guy. He's one of the few surviving players that I remember so vividly from Football Italia and Gazetta on Saturday mornings and Sunday afternoons.

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Francesco Totti - The King Of Rome

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