Manchester United's valuation on the New York Stock Exchange plummeted by more than $700 million Tuesday after a British media report that the team's owners had halted plans to sell the club. United's owners, the Glazer family, have reportedly taken the club off the market after failing to attract an offer that meets their asking price, the Daily Mail reported Sunday.
The group s market capitalisation fell by 18.22% in one day, an over $700 million drop, following its owners reportedly taking it off the market after failing to attract an offer that met their asking price.