Manchester United share prices saw a significant drop in just 24 hours after it was revealed they would likely be leaving the European Super League.

United saw their stock rise after the announcement of Europe's newest competition on Sunday, which would have been a cash-cow for the 12 competing clubs.

But the story had changed completely on Tuesday, with Chelsea and Manchester City the first clubs to withdraw from the proposed league.

Sky Sports' reporter Bryan Swanson revealed United's stock price had fallen 6.60 per cent at 16.12 USD by Tuesday afternoon.

United - along with the five other English clubs involved - have now formally withdrawn from the Super League proposal.

LATEST: Manchester United share price today... #MUFC#SSNpic.twitter.com/wPNaHw8YV6
— Bryan Swanson (@skysports_bryan) April 19, 2021

LATEST: Manchester United share price tonight... #MUFC#SSNpic.twitter.com/eGp3yCmpNr
— Bryan Swanson (@skysports_bryan) April 20, 2021