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Manchester United's share price SLUMPS over nine per cent on New York Stock Exchange amid fears the Glazer family WON'T sell the Old Trafford club after securing fresh investment from a US hedge fund

Manchester United's share price dropped over nine per cent on Tuesday amid fears the Glazer family won't sell the club after all.

Shares valued at $25.55 [£21.08] on the New York Stock Exchange at the opening of Tuesday's trading had slumped to $24.27 [£20.02] within 30 minutes.

A slight rebound was followed by another fall to $24.10 [£19.88] approaching 11am in New York before it tumbled below the $24 [£19.80] mark.

The future ownership of the Old Trafford club - valued by the Glazers at £6billion - has been the topic of intense debate in recent days as rival bids jostle for position following Friday's 'soft deadline' set by the Raine Group.