Vox Pop

Manchester United’s Value Drops by over £400m during Season

 

British football giant Manchester United’s value has fallen by more than £400m since the start of the season.

United’s share price on the New York stock exchange was $18.37 (£12.84) when they kicked off the season with a 1-0 win against Tottenham last August.Twenty four hours after suffering a 3-0 defeat at White Hart Lane, the share price had fallen by 25 percent to $13.83 (£9.67).

United’s abysmal performances on the pitch have been reflected by falls in the share price and the value of the club. At the start of the season United had a market capitalisation of £2bn. On Monday night it had fallen by £412m to £1.58bn. Since Louis van Gaal took the reins in the summer of 2014 almost a billion dollars has been wiped off the value of the club.

On 22 July 2015, United had a market capitalisation of £2.23bn. On Monday night it was down £650m to £1.58bn.British football giant Manchester United’s value has fallen by more than £400m since the start of the season.United’s share price on the New York stock exchange was $18.37 (£12.84) when they kicked off the season with a 1-0 win against Tottenham last August.Twenty four hours after suffering a 3-0 defeat at White Hart Lane, the share price had fallen by 25 per cent to $13.83 (£9.67).

United’s abysmal performances on the pitch have been reflected by falls in the share price and the value of the club.At the start of the season United had a market capitalisation of £2bn. On Monday night it had fallen by £412m to £1.58bn. Since Louis van Gaal took the reins in the summer of 2014 almost a billion dollars has been wiped off the value of the club. On 22 July 2015, United had a market capitalisation of £2.23bn. On Monday night it was down £650m to £1.58bn.

ALSO READ  How I Won a Tough Political Opponent in an Election

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Vox Pop

Comments are closed.