Manchester United's stock price has dropped by 2.38 per cent on Monday to $23.60 per share.
At the beginning of the day, United opened at $24.17. However, as the day wore on the stock plummeted to as low as $23.54.
While it has made a slight recovery to $23.60, it is still a bad day for the Reds' shares on the New York Stock Exchange. Over the past five days, United's stocks have dropped 3.29 per cent which will be of slight concern to investors.
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As for what it means for the takeover, it is hard to fully understand. Precedent suggests a stock price rises when a takeover is on the verge of being completed hence why the figures rose in the past couple of months when reports suggested Sheikh Jassim bin Hamad Al Thani was close to completing a deal.
However, with the price dropping this could mean a takeover deal is less likely to be completed any time soon. Last week, Sir Jim Ratcliffe announced he is still in contention despite claims his offer was 'dead in the water' because of minority stakeholders' concerns they would be left out of his bid.
Sheikh Jassim also remains in the hunt but it is fair to say his camp are becoming frustrated by the indecision from the Glazers. BBC Sport journalist Simon Stone announced on Monday he had heard rumours Sheikh Jassim had pulled out of a move for the club due to this indecisiveness but he had checked this with the Qatari's camp and this had been dispelled.
No movement on the takeover is expected any time soon as things stand.
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