‘Crazy’ Man United verdict issued by pundit after £1.32bn reveal
Kevin Campbell is confident Man United can “stabilise” their share price with a good start to next season.
Speaking exclusively to Football Insider, the former Arsenal and Everton striker said “the market is crazy at the moment” when discussing the Red Devils’ financial situation.
As reported by The Athletic‘s Laurie Whitwell (14 June), United’s share price on the New York Stock Exchange was $11.07 when trading closed on 13 June.
It represented the club’s lowest value since October 2012.
Man United’s share price reached more than $20 dollars following the signing of Cristiano Ronaldo last September.
Therefore, in the space of less than a year, the club’s share price has fallen by 46 per cent, or £1.32billion in monetary terms.
When asked by Football Insider for his reaction to the development, Campbell said: “Look, the market is crazy at the moment.
“Man United will not be the only share price falling. A drop in the share price is hardly surprising, to be honest.
“If the team does well next season I’m sure it will stabilise.
“Unfortunately, Man United had a really difficult season last season.
“That is why they have changed manager. They need somebody in there who is going to change their fortunes.”
Man United finished sixth in the Premier League last season.
They welcome Brighton to Old Trafford in the first game of the 2022-23 campaign.
In other news, a medical expert has claimed Man United will be monitoring star player’s ‘stress hormone levels’ amid a critical reveal.