Manchester United bounce back

Manchester United's share price on the New York Stock Exchange bounced back by the close of trading.

Last Updated: 08/05/13 at 22:26 Post Comment    Bet with SkyBet  What If. Click here to bet.

Sir Alex Ferguson: Retirement announcement caused an initial dip

Sir Alex Ferguson: Retirement announcement caused an initial dip

Sir Alex Ferguson's retirement announcement caused an initial dip in Manchester United's share price on the New York Stock Exchange but by the close of trading it had bounced back.

From an opening price of 18.77 US dollars, the shares fell by as much as 4.5 per cent to under the 18-dollar mark and then revived significantly.

The value of a share at the close of trading was 18.44 dollars, 33 cents down - a 1.76 per cent drop - and still higher than the share price on Friday last week.

A club's manager is perhaps the single most important appointment in terms of its success on the field - which in turn affects its commercial success off the pitch.

In its prospectus ahead of the New York stock market flotation last August, United warned that its business was dependent on such success.

"We are highly dependent on members of our management, coaching staff and our players," United said in its IPO prospectus.

"Any successor to our current manager may not be as successful as our current manager."


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Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

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