Despite David Beckham’s Interest in $10 Billion Investment, $700,000,000 Wiped Off in New York as Manchester United’s Value Plummets 18% Due to Rumors

Manchester United has seen better days, and the post-Sir Alex Ferguson era has been marked by a persistent struggle to recapture their glory days. Despite tireless efforts, the club continues to lag behind its illustrious history. Unfortunately, they have now been hit with shocking news worth $700,000,000.

Simultaneously, the club’s owners, the Glazers family, are actively seeking a suitable buyer as they explore the possibility of selling the club. In recent days, the name of David Beckham has emerged as a prominent contender to potentially reclaim his former team.

Manchester United suffers a $700 million shock!

The days are just getting tougher and tougher for Manchester United. As they continue to make radical changes within the club, they have been hit with concerning news. While the Glazers were in contention to sell the club, they somehow changed their mind. This unforeseen development has dealt a heavy blow to the club’s market value, causing a dramatic 18% plunge.

This was recently brought to light by the British broadcaster and academic, Kieran Maguire, who tweeted about the alarming news. He wrote, “Rumours of Glazers deciding not to sell Manchester United reduce market value of club on New York Stock Exchange by over $700 million as #MUFC share price down 18%.”

The Red Devil fans and the Glazers have been embroiled in a long-standing feud. Fans are demanding the American family to step down from their roles. Although the billionaire family did initially reveal their intention to sell the club, the recent rumors of them reconsidering their decision have resulted in a loss of $700 million in market value on the New York Stock Exchange.

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Indeed, it is quite alarming news for the Premier League giants. Perhaps the Glazers might eventually have to sell the club if don’t fancy to  lose their market value. While they are looking for a suitable buyer, David Beckham’s name is on the table, who might make a $10 billion offer!

David Beckham tipped for a $10 billion takeover!

According to reports, Manchester United is reportedly seeking an unprecedented £8 billion or $10 billion for its sale. Likewise, former Irish star Frank McAvennie strongly advocates for David Beckham as the ideal candidate to assume control of both the Premier League side and his beloved boyhood club, Manchester United. While speaking to Football Insider, he said, “I think Beckham has got a love of the game. He has got the best interest at heart. I think he loves football. He will have a consortium with people who have very deep pockets.”

McAvennie believes that Beckham’s expertise would be best utilized in managing the soccer aspect. Meanwhile he’ll leave the club’s business affairs in the hands of other entrepreneurs. This will be much like the successful model employed at Inter Miami. Earlier, former United defender Rio Ferdinand also speculated that Beckham is contemplating a consortium bid for ownership of the Premier League giants.

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As of now, there’s no concrete news regarding his interest, but it is quite an interesting opportunity. Let’s see what happens in the coming days.