At the close of trading yesterday, the share price of Manchester United Plc was sat at $11.50 USD, which is a drop of 47% since October 2021. This news comes in just one month after the United accounts revealed that the club’s debt had risen a further 11.8% compared to this time last year, with debt edging dangerously close to half a billion pounds.
The reason for this catastrophic drop in share price, which stood at $20.47 USD just 9 months ago after the resigning of famed and beloved forwards Cristiano Ronaldo, is due to wider economic market fears, but also more specifically due to the current intention to create a new first team squad under Erik ten Hag and regenerate a falling-apart Old Trafford football ground. According to Rich Fay of the Manchester Evening News, this means that the share prices of Manchester United have dropped by an overall 21% since the Glazers purchased the club in 2005.
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