How much was Sir Alex Ferguson worth to Manchester United?

After the legendary manager retired in the summer to be replaced by David Moyes, many fans worried that the essence of the club had departed.

So far, they've been proved right. Manchester United have struggled in the Premier League and risk missing out on a top four place for the first time in the league's history.

And it's not just on the pitch that Manchester United have felt the blow of Ferguson's departure.

Poor results and a spiral of negative news has seen a whopping £250m wiped off of their value in the stock market, according to the Daily Mail.

The Glazer family took control of the Red Devils in 2005, borrowing heavily to finance the deal before floating the club on the stock market in 2012.

But the volatile nature of the stock exchange has left the club open to fluctuation and the poor form has seen united's valuation fall from £1.75bn to £1.5bn.

A more worrying prospect for United is dropping out of the Champions League.

Having gained £29m from the Uefa competition last year, United could handle missing out on a top four place this season but could feel serious effects if they fail to qualify for several seasons in a row.

United's financial forecasts for 2013-14 are based on a third-place finish - their worst ever position - and because of their poor form, share prices in New York have fallen from £10.95 to £9 since May.

"You were always going to have this transitional period, when it was not clear if United would carry on winning,' Simon Chadwick, sports business professor at Coventry University, told the Daily Mail. "But this is the nightmare scenario, as opposed to the seamless transition."

Manchester United currently sit seventh in the Premier League table having suffered six defeats already with four coming at Old Trafford.

Topics:
Premier League
Manchester United
Football