The value of Manchester United has dropped by a significant 47 per cent since the middle of October last year, Manchester Evening News reports.
The Red Devils saw a peak in their share value in September last year. Manchester United plc were trading at $20.74 after the sensational return of Cristiano Ronaldo which coincided with the good start to the season.
The share price went onto settle around $16.3 in October, but there has since been a constant dip. At the closure on June 13, a single share was valued at $11.07 which is apparently an all-time low.
The significant 47 per cent dip means that United’s overall value has dropped by a staggering £1.3 billion. It is not surprising, considering the poor end to the season and the expected summer rebuild.
United were expected to compete for the Premier League title last summer after the big-money signings of Jadon Sancho, Raphael Varane and Cristiano Ronaldo. This obviously increased the share value to its peak for 2021.
However, nothing of that sort happened. United never looked like challenging for the league title and towards the end of the year, there were doubts whether they would even qualify for the Champions League.
That became a reality in the end with a disappointing sixth-place finish, 13 points adrift of the top four. Owing to this, United’s value has been dented drastically, but this has not stopped the club’s owners from taking dividends.
The Glazers took around £11 million out of the club in January. They are expected to take another share of dividend payments on June 24 despite the club reporting last month that their net debt had increased by 11.8 per cent.
This has been a prime reason behind the protests from some fans. The criticism won’t go away, but hopefully the Glazers can back new manager Erik ten Hag with sufficient funds to turn around the club’s fortunes.
Stats from Transfermarkt.com
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