Manchester United have seen £1bn wiped off the valuation of the club as the coronavirus crisis continues. The stock market has been in freefall in recent weeks as the pandemic has brought a halt to everyday life across the globe.
United are one of the companies to have suffered, with the club share price plummeting to $12, despite having been in excess of $20 earlier this year.
The Red Devils' market value was also well over £3bn at Christmas but is now around the £2bn mark instead. This could affect a potential takeover of the club too, as sections of the Old Trafford faithful pray for new ownership to arrive.
The Glazer family took over the club in 2005 but have added almost £400m onto the club's debt in recent seasons. Talk of the Saudi
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