The value of Manchester United has reportedly dropped by over £1.3bn. This is after the value of the club’s shares plummeted to an all-time low. In September last year, the shares were valued at $15.66. At one stage, when Cristiano Ronaldo returned to United, the shares were valued as high as $20.74. Although, over the months, the club started playing poorly.
The value of shares started slowly decreasing. These poor performances also led to the sacking of Ole Gunnar Solskjær. Ralf Ragnick was appointed as an interim manager till the end of the season. Although performances did not improve under him. Therefore Manchester United had to settle for a place in Europa League and not the Champions League. This further plummeted the club’s value.
However, reports claim that at the closing of trading on Monday, United shares were at an all-time low of $11.07. This meant a drop of nearly 50% in less than 12 months.
WHERE DID IT ALL GO WRONG FOR THE MANCHESTER UNITED VALUE?
The report adds that the Red devil’s shares have decreased by 21% overall since the Glazers family took over back in 2005. The club’s net debt now stands at £495.7m. The loss of income will likely see new head coach Erik Ten Hag handed a smaller budget.
United have identified Barcelona midfielder, Frenkie De Jong, as their primary target. Other names such as Ajax’s Anthony and Jurrien Timber and RB Leipzig’s Christopher Nkunku have also been linked with a move to United. Although to sign these players, the budget needs to be big. However budget is likely to be tight. So Ten Hag may have to search for alternatives.
The Red Devils may turn their attention to the free agents market. They may target players such as Christian Eriksen and Ousmane Dembele, who are set to leave Brentford and Barcelona respectively. Their current deals expire at the end of this month.
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