Arab Today, arab today manchester united stocks drop as ferguson bows out
Last Updated : GMT 20:54:06
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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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