Manchester United have seen their value on the stock market fall by over £400m during the course of the 2015/16 season after a troubling and underwhelming few months for arguably the world’s most famous football club.
According to a report from Sky Sports, the price of individuals shares on the stock exchange was $13.83, the equivalent of £9.67, 24 hours after the humiliating collapse against Tottenham at the weekend.
When United faced Spurs on the opening day of the season the price had been around 25% higher at $18.37, or £12.84. It means that over the course of the last eight months, United’s overall value has dropped from £2bn to £1.58bn.
Unfortunately for Louis van Gaal, his dismal tenure has coincided with the significant fall. In fact, when the Dutchman took over in 2014 United’s overall market value stood £650m higher than it does right now – a near $1bn
decrease.
The club’s share price has been hit by specific events, such as elimination from the Champions League in December. And yet, revenue and general wealth is still steadily climbing thanks to a growing army of corporate partners and
sponsors.
The stock value is currently at an all-time low, with the club having initially been floated on the market at $14 (£9.78) per share in 2012.
United have a mountain to climb if they are to save their Premier League season and secure a top four finish. The weekend’s results left them four points behind Manchester City with just six games left to play and they are now relying on slip ups as well as their own results.
An FA Cup quarter final replay against West Ham this week also gives the opportunity to travel to Wembley for the semi-finals if they can sidestep a sizeable challenge from the Hammers.
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