Manchester United owners, the Glazer family, are unpopular among fans due to below-par performances in the Premier League and lack of investment in Old Trafford.
The value of Manchester United fell following a report the controversial Glazer family would remain owners of the club.
The company's stock price fell 13% after ESPN said owners and co-chairmen Joel and Avram Glazer are confident they will secure investment to enable them to retain ownership of the club. The source cited in the article said the pair favour new investment that would allow them to remain at the helm - but with siblings and fellow directors selling their holdings - and they expect the investment will enable them to double the value of the club.
Shares dropped to $18.91 each at one point on Monday morning in New York, the lowest since November. Manchester United is a public company with some shares listed on the New York Stock Exchange.
Earlier this month, United's largest fans' group, the Manchester United Supporters Trust , called for the conclusion of the auction to buy the club"without further delay".
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