Manchester United Tanks on Report Glazers May Avoid Sale With New Investment

A corner flag inside the stadium before the Soccer - Europa League - Play-Off Second Leg - Manchester United v FC Barcelona match at Old Trafford in Manchester, Britain, on Feb. 23, 2023. Carl Recine/Reuters

Shares of Manchester United PLC fell 13 percent on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.

The family also expects the investment to help them double the value of the club over the next 10 years, ESPN reported, citing a source.