Manchester United's price on New York Stock Exchange suffers more than £600m drop

Glazers have taken the Red Devils off the market

Tuesday's value of the shares of Manchester United decreased by more than £600 million, or 16%, as a result of the Glazers pulling the team off the market.

The Glazers made the choice to stop the selling process in the hopes of receiving a bigger deal down the road because it was reported on Sunday, they were dissatisfied with the offers they were given for the Old Trafford club over an extended negotiating phase.

As a result, on Tuesday, the first trading day after the discovery because Monday was Labour Day in the United States and a bank holiday, the club's stock market valuation decreased from £3 billion to £2.4 billion on the New York Stock Exchange.

A year ago, the family had previously made clear that they would consider offers for either the entire club or a portion of it with an interest for them remaining.

Only the Qatari Sheikh Jassim and the British businessman Sir Jim Ratcliffe made a serious bid, but they fell short of the Glazers' estimation for Manchester United.

The Glazers now think they can get a higher price in 2025 when they anticipate increased interest in America, the country where the majority of the most recent billionaires have put money in the Premier League, as a result of the enlargement of FIFA's Club World Cup to 32 nations and the 2026 World Cup. The Glazers want to be sold for between £7 billion and £10 billion.

Gary Neville, a former Manchester United defender, has criticised the Glazers' plans to remove United from the market.

Neville, incensed once more, criticised United's dubious ownership and claimed that the Glazer family treated the team like a "toy."

After Manchester United's 3-1 loss to Arsenal, Neville, who has become especially vocal about the team's recent slide, launched a new attack on the Glazers.

He is yet clinging to the hope that they will eventually sell Manchester United and permit the club to proceed.