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

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

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."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

Y

eah, if there's one thing football autobiographies need more of, it's mind numbing-inanity and platitudinous tales of bantz.

Hallicks
Robson blasts Keane book

W

e were a steaming pile of recently released dogs dinner.

popularpete,
Wenger: We refused to lose

I

m sure I'll be one of about 100 but the Monday's third allbum was actually Pill, Thrills n Bellyache. Brendan would kill for quality like that right now.

u man
Brendan Rodgers: Radiohead Or The Happy Mondays

Footer 365

Rodgers and Hodgson unite on press treatment of Sterling

Brendan Rodgers and Roy Hodgson have united to condemn the treatment of Raheem Sterling by the press this week.

FA seeks answers from Garry Monk over post-match criticism of referees

The FA has contacted Swansea manager Garry Monk regarding his post-match media comments at Stoke.

Premier League: Didier Drogba hoping to lead Chelsea line at Old Trafford

Didier Drogba admits he is still getting up to speed at Chelsea, but has declared himself 'ready' to face Man Utd.

Mail Box

Oh Mario - Why Always Meh?

Come on in and play the Liverpool blame game. Is it the fault of Rodgers, Balotelli, Mignolet, Johnson, Markovic or Lovren? Plus, Arsenal fans annoyed in victory...

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property