PREMIER LEAGUE

Manchester United sees a heavy drop in value

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Manchester United’s value has seen a very heavy drop since last year. The value of the club has dropped by around 1.3 billion pounds after the share price fell sharply. Manchester United are one of the richest clubs in the world and also one of the most highly valued. However, the club hasn’t been having the good press it needs and as a result, its share price is down which means the value of the club is also down.

Manchester United sees a big drop

In September 2021, the share price of the club had been valued at 15.66 dollars and even touched 20.74 dollars. It had touched this level at the time when Cristiano Ronaldo had arrived at Manchester United. This was when he returned to the club. His second stint at Manchester United. However, the observation is that when the trading day had closed on Monday evening, Manchester United shares were valued only at 11.07 dollars. Moreover, this shows that there is a drop of nearly 50% within 12 months.

Furthermore, Manchester United’s share price has seen an overall fall of 21% ever since the Glazer family has taken over. The family bought over the club in 2005 in debt. Currently, the debt of the club stands at 495 million pounds.

Moreover, this financial position is going to affect the spending that Erik ten Hag will have this season. Most likely, ten Hag will not receive a very big budget, thus he will receive a lower budget. Moreover, this means that he will lose the signing of a number of players. This also means that they will miss out on their targets and have to settle for replacements to their targets.

Manchester United have been linked with players such as Frenkie de Jong from Barcelona, Antony from Ajax, Robert Lewandowski from Bayern Munich and RB Leipzig’s Christopher Nukunku.

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