sport

Glazers calm on share price

The Glazer family insist they remain confident over the outlook at Manchester United despite a recent fall in the champions' share price.

United's shares opened at 15.16 US dollars (9.26) on the New York Stock Exchange on Monday, over $4 down on their high of $19.34 last May.

However, they remain higher than the 12-month low of $14.39 and the Glazers, who own the Old Trafford club, are adamant they continue to take a 'long-term view' on the shares, which were launched at $14 in August 2012.

A source close to the club said: "The Glazer family take very much a long-term view about share prices and the value of the club - there have been a number of fluctuations in the last 18 months but they remain comfortable about the current position."

Over the past year, a number of factors at the club have had an effect on the price, notably the sharp drop in the wake of Sir Alex Ferguson's announcement that he was to step down as manager.

The shares bounced back during the summer months, and again towards the end of the year following another drop-off in October.

United currently sit seventh in the Barclays Premier League table, struggling to secure a Champions League spot for next season, and are already out of this year's FA Cup following last week's home defeat by Swansea.