Updated Oct. 18, 2023 5:43 pm ET
Manchester United shareholders are acting like despondent soccer fans after video-refereeing technology disallows a goal. Yet they might still win the match.
The British soccer club’s publicly traded Class A shares have lost roughly 10% of their value since the weekend, when it was widely reported that British billionaire Jim Ratcliffe is in talks to buy a 25% stake through his petrochemical company Ineos. The other bidder, Sheikh Jassim Bin Hamad al-Thani, chairman of Qatar Islamic Bank, dropped out.
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