United's share price has dropped by nearly 2% over the last few days.
What does that have to do with anything? They're Class A shares with minimal voting rights. The Glazer IPO valued the shares at $14 so they're stable if not a great investment. And the whole point of those shares is that they were sold
by the Glazers to raise cash from outside investors. If the value of those shares has dropped it means absolutely fuck all to the Glazer family - just a potential paper loss for the suckers who bought the shares.
While we're talking about IPOs, the original IPO in 1991 was of 1.2million shares at a total price of £10m to finanace ground improvements. It was a flop and half the shares went unsold. The share price dropped to £2 from £8.33 by the late 90s. Thirty years ago the club was sitting there ready and waiting for some group to buy up the club.
Thats the thing about shares - they go up and down. The value at any one moment is irrelevant unless you need to buy or sell them. And the reality is that the important shares, the ones that the Glazers hold with the voting rights are not for sale and they have no need to sell them. Remember the Red Knights?
Man Utd: Red Knights takeover attempt shelved2 June 2010
The Red Knights group of wealthy supporters mulling a takeover of Manchester United has put plans to make a bid for the club on hold.
The group said media speculation of "inflated valuation aspirations" had hampered its plans.
It added that it had always maintained it would only pay a sensible price for Manchester United.
Last week, United reiterated it was not for sale and that the Glazer family owners would not listen to offers.
https://www.bbc.co.uk/news/10212982If the Glazers decide to sell they'll decide the price unless there's a massive collapse in football generally.