Manchester United shares dip as joint takeover speculation dismissed

SHARES in Manchester United fell yesterday after rumours of a possible meeting between its Irish investors JP McManus and John Magnier and the club's second-largest shareholder to discuss a potential takeover were dismissed.

Reports at the weekend said a meeting between the pair, who own 29% of the club, and US sports tycoon Malcolm Glazer, would take place in London yesterday to discuss the possible sale of the Irishmen's stake to the US sports tycoon.

But it is understood that no meeting took place between the two sides. Shares in United dropped by 3% yesterday.