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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I

f he can find the right player? Surely the manager of one of Europe's top clubs has a well-researched short-list and has a good idea of who he wants to bring on-board? If I can find the right player sounds like someone going out on Saturday night on the pull, and the nearer you get to midnight the lower your standards drop.

CamberleyGooner
Wenger to buy centre-half

C

an someone point Brenda towards the real premier league table rather than the imaginary table in Brenda Land

bludsucker
Rodgers still targets top four

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lease, please 365 can you find out what he drinks and let me know?

citymanofoz
Rodgers still targets top four

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