How low do Manchester United shares have to go before someone comes in with another takeover bid that the much (and fairly) maligned Glazer family decide offers a good chance to take the money and run?

New York outfit PrivCo says the stock is worth no more than $5 a share. That compares with a float price of $14 that only stayed at that level on the first day of trading thanks to emergency support from the brokers behind the deal.