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."

Related News

Most Commented

Readers' Comments

T

he thing is, footballers are role models, and children are influenced by them. I watched the Chelsea game with my 6 year old, and at school the next day she stamped on Emre Can.

megabrow (cufc)
Diego Costa: The Patron Saint Of S**thousery

Y

et again Barcelona try to convince the world that they only play the most virtuous of football. I've never seen a team so willing and able to dish out lumps but feel so self-righteous that no opposition player should ever have the audacity to tackle them.

charsmatcengma
Enrique hauls Neymar to safety

I

d love to see a United v Liverpool FA cup final. It would certainly fit the narrative. Obv I'd want the ending to be one of an O.G. and tears as he collects his runner-up medal.

GVMUFC
Gerrard Constantly Searching For That Final Hurrah

Footer 365

Stoke give Leicester City permission to speak to defender Huth

Stoke City have given Leicester City permission to speak to Robert Huth about a possible loan deal.

FA back Prince Ali to stand against Blatter for FIFA presidency

The Football Association has formally nominated Prince Ali Bin Al Hussein to stand against Sepp Blatter for the FIFA presidency.

Transfer news: Chelsea close to deal for Juan Cuadrado

Chelsea are close to agreeing a deal with Fiorentina for winger Juan Cuadrado, according to Sky sources.

Mail Box

It's A Massive, Big, Brilliant Mailbox

And we left lots of Suarez/Costa mails unopened. What we do have is a video of some rotten Suarez tackles and views on the future of football, Spurs, Liverpool and...

But Biting Doesn't Hurt Like Stamping...

There are Liverpool fans arguing that Luis Suarez is nowhere near Diego Costa's sh*t-house league but we have plenty of love for the agitator too. Oh and Spurs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company