Kieran Maguire: Man United Stock Exchange nosedive is ‘terrible indictment’ of the Glazers
The Man United share price has lost a third of its value since November – a “terrible indictment” of the Glazer family’s ownership.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about United’s performance on the New York Stock Exchange.
As relayed by Maguire on Twitter on Wednesday (3 April), the Red Devils’ share price is lower now than it was when they first went public in 2012.
The price rocketed following the arrival of commercial juggernaut and all-time great Cristiano Ronaldo, 37, last summer.
But the markets have since steadied and United’s price currently stands at around $13.
Maguire explained that this is well down on the price as recently as six months ago and reflects poorly on the Glazers’ stewardship.
“The price was close to $21 in November,” he told Football Insider‘s Adam Williams.
“For it to have lost a third of its value over the course of the last six months indicates that the potential gains from Super League aren’t going to manifest.
“When you do a share valuation, the markets look at future cash flows.
“They realise that if United are to compete at the elite level, they have to invest in infrastructure, which is cash going out.
“Secondly, they have got to spend smarter rather than having this scattergun transfer approach. That is going to cost as well.
“You have all of these cash outflows for a club that might not qualify for the Champions League this year.
“The markets recognise that. It’s a terrible indictment of the Glazers’ ownership and the board at Man United.”
A Ronaldo hat-trick earned United a 3-2 win over Norwich City yesterday (16 April).
They are now three points outside the top four with six games to play.
In other news, pundit suggests Man United could be about to sign next “Jadon Sancho” as talks held.