According to a report in the Manchester Evening News, the value of Manchester United has dropped £250m ($410m) in the last month.
It would appear that a run of three defeats in a row, and the club’s seventh position in the Premier League has had an effect on stock value. The club has been listed on the New York Stock Exchange (NYSE) since last year, and has been owned by the Glazer family since 2005.
According to the report, United’s peak value was when they won the title in May of 2013, when they were valued at $3.1bn, but now that valuation is much closer to £2.5bn. If the club fails to finish in the top four then the ramifications for both the squad and the shareholders could be serious – especially when it comes to growing fan bases in the far east and China, which are already threatened by clubs like Chelsea, Liverpool and Man City.
In case you were wondering, a single share in the club would set you back $15.16 each, the highest share price since February of last year.
Tags: Manchester United