Man United share prices drop to three-year low

Date published: Tuesday 9th February 2016 9:42

Old Trafford

Manchester United’s share price dropped to its lowest level in just over three years on Monday.

United’s hopes of finishing in the top four took a blow on Sunday when Diego Costa equalised in stoppage time to snatch a point for the Blues against Van Gaal’s men.

United topped the table in November but are now six points adrift of the top four with 13 matches left.

The possibility of failing to qualify for the Champions League has clearly concerned investors.

United’s share price dropped from US dollars 14.50 (£10.05) to USD 13.86 (£9.61) on Monday morning.

That figure is the lowest price since December 2012. Not even during the darkest days of David Moyes’ reign had United’s shares been valued so lowly.

United’s share price dropped by 2.6 per cent in morning trading on the New York Stock Exchange before rising above the 14 dollar mark again in the afternoon.

Ed Woodward has secured a remarkable string of commercial deals, most notably the world record £750million kit deal with adidas, but United’s performances on the pitch and their league position are of clear concern to those who invest in the club.

Investors will get their chance to grill the United executive vice-chairman during a conference call on Thursday, when the club’s first-quarterly results of 2016 will also be announced.

More Related Articles

Comments