Home Business NewsBusiness Manchester United potential sale raises eyebrows

Manchester United potential sale raises eyebrows

by LLB Reporter
23rd Nov 22 12:53 pm

Fans have been wanting the Glazers to sell Manchester United for years and now it looks like their wish could come true.

Having not won the Premier League since 2013, left its stadium in a shabby state and loaded up on debt, Manchester United has not lived up to its reputation as a winning football club of late.

AJ Bell’s Russ Mould said: “Anyone who bought the shares will have suffered the same frustration as a season ticket holder, with the stock offering so much promise but always failing to move up the top of the league.

“Football clubs in general have proved to be terrible investments over the years. Excluding the 11% after-hours jump in the share price on the potential sale announcement, Manchester United’s shares have fallen 30% in value over five years. Many people will find that a surprise given how well its brand is known around the world.

“Should the club find a new owner, the demands on its cash will extend far beyond securing the best players.”

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