Football club shares plummet

After $1,200,000,000 was written off the share value of Manchester United as part of Wall Street panic selling Ed Woodward and rest of the board announce the club is spending up to $35m buying back shares at the new low price but not from the Glazers, reports Kieran Maguire of the PriceofFootball.

Maguire also notes: 'Juventus share price has more than halved in a month as panic selling continues, reducing value of club to below £700 million. Suspect David Gold and David Sullivan are regretting the £800 million offer they rejected for West Ham.'

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The Political Economy of Football V2

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