Advertisement

Man Utd lose €265m in stock market value in one month

Manchester United’s poor first half of the season has seen a drop of €265m in the club...
Newstalk
Newstalk

10.54 4 Jan 2014


Share this article


Man Utd lose €265m in stock ma...

Man Utd lose €265m in stock market value in one month

Newstalk
Newstalk

10.54 4 Jan 2014


Share this article


Manchester United’s poor first half of the season has seen a drop of €265m in the club’s valuation on the stock market in just one month.

The share price of the club dropped from €12.90 to €11.28 since December 6. That amounts to the value of the club dropping by 12pc. During that same period the S&P index, the market on which the club is listed, had a 2pc rise. The club’s total valuation was €2.11b one month ago and is today €1.85b.

The Daily Telegraph reports that the drop in the club’s stock price began in October and, despite resurgence in late November, the decline in valuation has coincided with the club’s poor form. Last weekend’s 2-1 home defeat, the fourth Premier League defeat of the season at Old Trafford, left the champions in seventh, 11 points off league leaders Arsenal and 5 points off the Champions League spots. Prior to that defeat United had won 6 consecutive games.

Advertisement

While United’s commercial revenues remain strong – although this could be hurt by a failure to qualify for next season’s Champions League - they have been hampered by annual interest repayments of €84.5m. The constant need to service these debts  means they are unable to compete with the big spending clubs both domestically – in the form of Manchester City and Chelsea – and in Europe – where Real Madrid, Bayern Munich and PSG continue to spend handsomely to hoover up the best talent.

The Glazer family are reportedly committed to strengthening the squad this month, however, in a bid to back their manager, David Moyes.

United face Swansea in the FA Cup tomorrow at Old Trafford. Wayne Rooney, Robin Van Persie and Ashley Young will miss the game through injury.


Share this article


Read more about

Sport

Most Popular

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share


Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Alive And Kicking With Clare M...

Alive And Kicking With Clare Mckenna

08:00-09:00

Share

Up next

Taking Stock with Mandy Johnst...

Taking Stock with Mandy Johnston

09:00-10:00

Share

FUTUREPROOF WITH JONATHAN MCCR...

FUTUREPROOF WITH JONATHAN MCCREA

10:00-11:00

Share

ON THE RECORD WITH GAVAN REILL...

ON THE RECORD WITH GAVAN REILLY

11:00-13:00

Share

OFF THE BALL

OFF THE BALL

13:00-19:00

Share

TALKING HISTORY WITH PATRICK G...

TALKING HISTORY WITH PATRICK GEOGHEGAN

19:00-20:00

Share

SOUNDSCAPE

SOUNDSCAPE

20:00-21:00

Share

FUTUREPROOF WITH JONATHAN MCCR...

FUTUREPROOF WITH JONATHAN MCCREA

21:00-22:00

Share

THE TOM DUNNE SHOW

THE TOM DUNNE SHOW

22:00-00:00

Share

BEST OF NEWSTALK

BEST OF NEWSTALK

00:00-06:00

Share

BREAKFAST BRIEFING

BREAKFAST BRIEFING

06:00-06:30

Share

BREAKFAST BUSINESS

BREAKFAST BUSINESS

06:30-07:00

Share

NEWSTALK BREAKFAST

NEWSTALK BREAKFAST

07:00-09:00

Share

00:00:00 / 00:00:00

Share on