Finance guru: Man United have hit ‘all-time low’ after Stock Exchange update
Man United have hit an “all-time low” on the stock market because of the atmosphere at the club and on-pitch performance.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Red Devil’s tumbling share price.
Data taken from Yahoo Finance at close of play at the New York Stock Exchange yesterday (7 March) shows United’s price at $12.04.
That figure is the lowest United’s price has fallen since they were floated on the NYSE in 2013.
The club recently scrapped a lucrative partnership with state-owned Russian airline Aeroflot in response to the invasion of Ukraine.
And Plumley insists that global events, as well as United’s sub-par sporting performance, are to blame for the stock market nosedive.
“If you look globally, there are a lot of factors affecting the markets,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“But if we focus on the football club, you have to look at on-pitch performance and the atmosphere at the club.
“People are questioning the direction of travel, the interim manager, the Ronaldo situation, the new CEO. They are just not firing.
“We don’t get the opportunity to monitor the finances of many other clubs in real-time because they’re not on the stock market.
“You expect the price to rise and fall anyway, but the on-pitch performance and wider factors affecting the world have resulted in this all-time low.”
United were beaten 4-1 by Man City last Sunday (6 March).
That result leaves them outside the top four with 10 matches remaining.
In other news, ex-Premier League referee claims “reckless” Harry Maguire should be banned as Man United controversy analysed.