Arab Today, arab today manchester united stocks drop as ferguson bows out
Last Updated : GMT 18:03:12
Arab Today, arab today
Arab Today, arab today

US markets sees 4% slide after shock resignation

Manchester United stocks drop as Ferguson bows out

Arab Today, arab today

Arab Today, arab today Manchester United stocks drop as Ferguson bows out

Ferguson leaves his mark
New York – Arabstoday

Ferguson leaves his mark New York – Arabstoday Manchester United shares sank four percent in opening US trade Wednesday after the football club\'s legendary manager Alex Ferguson announced his retirement. In the early minutes of trade, the shares, listed on the US Nasdaq exchange by the club\'s US owners last year, were off 4.1 percent to $18.01.
Earlier Wednesday, the Premier League champions shocked the sporting world when they announced that Ferguson will retire at the end of the season, ending the most successful managerial reign in English football.
Ferguson, currently aged 71, guided United to 13 Premier League titles and two European Champions League crowns in 26 years in charge at Old Trafford.
He will remain at United as a director and club ambassador, and said he was confident he was stepping down with the team in good shape.
\"The decision to retire is one that I have thought a great deal about and one that I have not taken lightly. It is the right time,\" Ferguson said in a statement.
United, owned by the family of US investor Malcolm Glazer, did not immediately name a replacement, but most speculation focused on Everton\'s David Moyes to fill Ferguson\'s seat.
Despite the fall at the news, the team\'s shares were still trading 27 percent above the $14.00 initial public offering price last August.
At that time the shares barely treaded water amid worries over the team\'s ability to dig out from under a pile of debt.
But they rebounded beginning in November with improved quarterly profits thanks to a slew of sponsorship deals and huge tax credits and a reduction of their debt burden, acquired in 2005 after the Miami-based Glazers\' heavily leveraged takeover.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today manchester united stocks drop as ferguson bows out Arab Today, arab today manchester united stocks drop as ferguson bows out

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today manchester united stocks drop as ferguson bows out Arab Today, arab today manchester united stocks drop as ferguson bows out

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday