Manchester United shares plummet

Since August 10, 2012 the whole of northern England is listed on Wall street. Just one year ago, Manchester United shares had a starting price of $ 25'55 -23'15 euros, at the exchange. The team of Old trafford It has lost a third of its capitalization in the last year. That is, 1,230 million euros. Of the 3,810 million euros to which it capitalized twelve months ago, they have been reduced to 2,580 million taking the closing last Friday, a quote similar to that of MoreMobile in the Ibex 35.

Having been sixth last season in the Premier League and the bad start of this – it is eighth after four days – are making the shares go down. Not having entered Champions League It makes the income go down considerably for the club.

In the moment that last season Ole Gunnar Solskjaer, which in 1999 gave a Champions League to net devils at the Camp Nou with a goal in the discount, replaced Jose Mourinho, Manchester United's actions skyrocketed almost automatically, in addition to the team also improving in the field. In fact, the shares rose 4% just the day after the Portuguese coach left the discipline, and they rose to 20%, exceeding $ 21 per share, but two months later, the English team was disengaged from the UEFA Champions League for the Football Club Barcelona in the quarterfinals and fell back into the stock market.

All this despite the fact that in mid-May, the Manchester club announced that there would again be benefits in its results corresponding to the first nine months of fiscal year 18-19, which resulted in a superhabit close to 47 million euros. And, besides, without counting the income for having reached the quarterfinals of the Champions League. Similarly, the business rose almost 6%, reaching 570 million euros.

The executive director of Manchester United, Ed Woodward, positively valued the results obtained in a "turbulent season" in which he had to fire a technician whose dismissal cost the club 22 million euros. Four times more than what the English club paid to its predecessors, David Moyes and Louis Van Gaal, when they were removed from their position at the head of the Dream Theater bench.

Despite the bearish tone of Manchester United shares, the value of their shares still remain above $ 14, a price they had when they were traded on Wall Street, but far from the historical highs of € 26.20 , the price they reached on August 31, 2018. The club is in the hands of the glazer family, owners of Tampa Bay Buccaneers, of the NFL, who were the ones in charge of taking the red devils to the New York Stock Exchange.