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

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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H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

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