Football

Manchester United's stock price suffers £220m drop

Published 5 Comments

Football News
24/7

Manchester United's poor form has seen the club's stock price plummet by more than 12 per cent - erasing £220m of value - according to the Irish Independent.

Over the course of the last month Manchester United's performances on the pitch have dipped considerably, with losses to Everton, Newcastle and Tottenham at Old Trafford.

And those poor performances are now reflected in their stock valuation, with the price of a Manchester United share dropping from £10.68 to £9.34 between December 6 and January 4.

That means the club, which was worth £1.75bn a month ago, is now worth £1.53bn.

The stock price has been in decline since the beginning of the season, despite a small rally in November following impressive quarterly figures.

The club forecasted revenue for the year at £420m-£430m after revealing a 29.1 per cent rise over the first three months of the year.

But that prediction is based on reaching the Champions League quarter-finals and finishing in the top three in the Premier League this season.

David Moyes's side look on course to achieve the first objective following a kind last-16 draw against Greek side Olympiakos. But United face a real battle even to qualify for next year's Champions League.

They currently sit seventh in the Premier League table, five points behind fourth placed Liverpool.

And with six losses already this campaign, they've suffered more defeats than they did in the entire season last term when they won the title by 11 points.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Manchester United
Football

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again