Manchester United's stock market value plunged by around £150million as plans for a European Super League crumbled.
The Premier League side had seen the price of its shares sky-rocket by around the same value after the announcement of the new breakaway league.
But as rumours swirled about club bosses getting cold feet over the big money plans, United's share prices took a plunge.
Manchester City later became the first club to formally announce its intentions to withdraw, followed by United, Liverpool, Arsenal and Tottenham.
Chelsea, who played Brighton in the Premier League last night, were the last club to officially announce they would not be involved in the European Super League.