The value of Manchester United on the New York Stock Exchange has decreased by more than £500 million as a result of a report saying the Glazers won’t sell the team.

The Old Trafford club’s owners revealed nine months ago that a full sale was one of the possibilities under consideration as part of a strategic assessment.

Sir Jim Ratcliffe and Sheikh Jassim both submitted bids to purchase Manchester United, but the protracted prospective takeover process continues as fans continue to demonstrate against the Glazers.

When the Mail on Sunday reported that the owners are pulling the club off the market and will try to sell again in 2025, hopes of a full sale appeared to be shattered.

On Tuesday, United’s share price was reduced by more than £500 million as a result of that revelation.

After the Labor Day holiday, when the New York Stock Exchange reopened, the price fell sharply from $23.66 (£18.83) to $19.35 (£15.40) by close.

After the 18.22% decline, United’s market capitalization, or stock market value, was reduced to $3.15 billion (£2.5 billion).

The Glazer family allegedly valued United at £6 billion earlier this year.